Important things to remember regarding your term life policy

The term life insurance policy is very affordable and allows you to have coverage given a limited budget. Premiums are lower as compared to other types of life insurance – such as whole life insurance or permanent plans. When you die within the policy period, your beneficiaries will receive the sum insured. However, once the policy lapses or the coverage period is up, and you survive that time, there are no refunds for premiums already paid.

To make the most of your term life insurance policy, here are a few things you should remember:

To illustrate:

Updated on: 05.06.2013

To secure your family's future, fill in the form on the right and get your term life insurance quote now.

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Term life insurance 101:
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*Scottish Provident 2012 life cover claims paid report.