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Understanding life insurance

What is term life insurance? (Video)

Term insurance is a form of life insurance that gives you flexible, temporary protection for temporary needs.

Video Transcription

What is term life insurance?

All life insurance is designed to help provide your loved ones with financial security when you die. One common type of life insurance is called term life insurance, meaning coverage will be in place for a specific set period of time.

Term coverage provides protection for a fixed annual payment, for a given number of years.

Why choose term life insurance?

Because of its affordability and flexibility, term life insurance can be a good solution to help you manage risk while providing for your dependents. But its true value lies in the peace of mind offered: the assurance your loved ones will be supported at a time when they need it most.

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