Life Insurance Term
When a term life insurance policy is taken out, a life insurance term, as it is referred to can be a time period of 1, 10, 20, 30 years. Your life insurance policy will only be valid in that term, which means if you don’t die in that period – the policy is useless to you. This is basically what it comes down to, but don’t be put off – this term can be lengthened for some policies which is explained in more detail in this TERM LIFE INSURANCE article.
If you already know about life insurance terms and want to get more information from a financial adviser (at no cost of course) or get life insurance quotes – please read our LIFE INSURANCE SOUTH AFRICA article. You can also click on the images on the right hand side of this page to visit the web pages of the different life insurance companies directly.