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.
For younger people in relatively good health, term life insurance has long been the option of choice. Covering a specific number of years and maintaining no cash value, the premiums on term policies are usually less than those of whole life insurance. With term life insurance coverage ranging from one to 40 years, choosing the right length can seem like guesswork. The best term length is not a one-size-fits-all proposition, says Matthew Russell, a Certified Financial Planner in Kingwood, Texas. However, there are ways to narrow your choices.