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.
Other Insurance Policies. Other insurance policies such as those for your car or home should be kept at least as long as the policy is in force so you can reference its terms, conditions and exclusions in the event of a claim.nce the claim is paid there is no longer a need for the policy, and if you cancel the policy with no intention of reinstatement you can shred it. Term life insurance policies should be kept until the policy term expires.