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.
That is because Term Life Insurance fulfills the true definition of Life Insurance â to replace lost income due to premature death. Term Insurance provides a death benefit for a set period of time and does not build up cash value. It's often used to provide temporary protection for a mortgage, business bank loan or as income replacement of a breadwinner. Term Life Insurance can provide maximum death benefit at the lowest cost. The most common type of Term Insurance is Guaranteed Level Premium Term Life Insurance. Depending on age, you can get terms of 10, 15, 20 and 30 years. The premium is guaranteed not to increase for the life of the term period.