If you’re reading this, you probably know what term life insurance is but, like many Americans, you might not be entirely sure how it works.
To help make your research a little easier, we’ve compiled answers to the questions you’ll need to ask when looking for a new policy. But first, let’s take a look at the mechanics of a term life insurance policy.
How Does Term Life Insurance Work: The 30-Second Summary
Term life insurance offers coverage to your family for a specific term, most often in increments of 10-30 years. When your term ends and you stop paying your premiums, your coverage ends. Term life insurance is much more affordable than whole life insurance that covers your entire life.
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