Term Life Insurance Explained
Posted by admin on January 1, 2008 in Finance :: Wealth-Building
A term life insurance can be broadly classified in two->Annual Renewable Term- here the premium paid is annually for one years coverage. If the policy holder extends the plan then he would have to agree to pay the increasing rate of premium.>Level Term Life Insurance- premium in this form of insurance is paid for a fixed number of years which is the same.
