81684313 Employee Insurance Programs - Employee Insurance Programs Term life insurance is a form of life insurance cover that offers fixed charges for a

81684313 Employee Insurance Programs - Employee Insurance...

This preview shows page 1 - 2 out of 2 pages.

Employee Insurance Programs Term life insurance is a form of life insurance cover that offers fixed charges for a specific time period. When this time is up, coverage at the initial rate of premiums is not assured and the end user is forced to go without coverage or acquire another form of payment or conditions. In case the life insurance is over, the benefit is paid to the beneficiary. It is quite an affordable way to buy death benefit amount for every charge in a specific time. There are a number of benefits that arise when it comes to term life insurance. The most common one is that is an easy form of life insurance where it happens at a fixed rate for a specific time. If one passes away at a specific time set, the insurance company is meant to pay the beneficiaries the value of the policy. There is also the issue of affordability where compared to other forms of insurance, more so when the insurance is bought while the policy holder is a young person. Due to its cheap nature, it is a good option for short term objectives like until the children are through with their college education. The premiums are fixed and do not change as the policy progresses. On the other hand, the premium may range from one individual to another. This is reliant on the age, health and lifestyle. Those with no risky lifestyles are bound to get a lower life insurance compared to those with risky lifestyles.
Image of page 1

Subscribe to view the full document.

Image of page 2

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes