Term Life Insurance

Provides life insurance protection for a specific period (10, 20, 30 years). Pays a tax-free death benefit if the insured passes away during the term.

Advantages

• Lowest cost for high coverage

• Simple and easy to understand

• Renewable and often convertible to permanent insurance

Objective

To replace income, cover debts, and protect family during working years.

Suitable For

Young families, new homeowners, business loan protection, income earners.

Who Can Open

Any individual with insurable interest (parents, spouses, business owners).