Term Life Insurance
A 20 year term policy with a guaranteed premium and a guaranteed level death benefit.
WHO NEEDES A LIFE INSURANCE POLICY?
Simply put, anyone who is relied upon by others for financial support. This generally means the person or persons earning income for a family. Death of that person means loss of the income, which can cause a huge financial hardship for those left behind.
TERM LIFE DEFINED
Term life insurance is what the name implies - life insurance purchased for a limited period of time or term (in this case 20 yeaers). It is not permanent coverage, such as whole life insurance which is designed to last a lifetime. Term insurance is generally inexpensive compared to other life insurance.