What is term life insurance How does it work?

What is term life insurance How does it work?

A term life insurance policy is the simplest, purest form of life insurance: You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary).

See also  What is the difference between cash value and surrender value of life insurance?