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 instance, term life insurance only provides coverage for a specified term. The term can range from one year to 10 years and depends on the policy a person selects. After the term life insurance policy expires an insured person can usually renew it, but his or her premiums might increase.