Conditions are right for tornadoes, and tornadoes are possible. Remain alert: watch the sky and tune in to NOAA Weather Radio, commercial radio, or a local television station in case a warning is issued.
Term life insurance provides death benefit protection for a period of one or more years. The death benefit of the policy is paid only if the insured dies during that period. If the insured lives beyond the term period, no death benefit is paid. Typically, there are no cash values or loan values for term life insurance.
Length of coverage. Term insurance provides coverage for a specific period, such as 10, 15, 20, 25 or 30 years, and is renewable after those terms are up. Permanent insurance, which includes whole life and universal life, is designed to provide lifelong financial protection as long as the policy is in force.