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Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term insurance policies do not have a savings component, and the premiums are generally lower than those for whole life or universal life insurance. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to term insurance.

Renewable Term Life Insurance: Explained, Benefits, and Considerations Thumbnail

Renewable Term Life Insurance: Explained, Benefits, and Considerations

Silas Bamigbola

Group Life Insurance: Definition, Examples, and Benefits Thumbnail

Group Life Insurance: Definition, Examples, and Benefits

Silas Bamigbola

Credit Life Insurance: What It Is, How It Works, and Pros & Cons Thumbnail

Credit Life Insurance: What It Is, How It Works, and Pros & Cons

Alessandra Nicole

Understanding the Life Insurance Free Look Period Thumbnail

Understanding the Life Insurance Free Look Period

Silas Bamigbola

Life Insurance: What Is The Needs Approach, Examples & Its Importance Thumbnail

Life Insurance: What Is The Needs Approach, Examples & Its Importance

Silas Bamigbola

ART Insurance: Understanding Short-Term Coverage Thumbnail

ART Insurance: Understanding Short-Term Coverage

Silas Bamigbola

Commodity Selection Index (CSI): Definition, Application, and Risks Thumbnail

Commodity Selection Index (CSI): Definition, Application, and Risks

Alessandra Nicole

Accumulation Options: Definition, Strategies, and Real-World Scenarios Thumbnail

Accumulation Options: Definition, Strategies, and Real-World Scenarios

SuperMoney Team

Near Term: Insights, Applications & Examples Thumbnail

Near Term: Insights, Applications & Examples

SuperMoney Team

Investment Horizons: Examples and Impact on Your Finances Thumbnail

Investment Horizons: Examples and Impact on Your Finances

SuperMoney Team

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About Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term insurance policies do not have a savings component, and the premiums are generally lower than those for whole life or universal life insurance.