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What Does Term Life Insurance Cover?

April 26, 2017cover Finance Insurance life term term life insurance

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What Does Term Life Insurance Cover?

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Term life insurance covers your life (or the life of the person named on the insurance policy) for a certain period of time.

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Term life insurance covers the insured’s life for a specific period of time. If you mean what expenses can be covered as part of term life insurance, then here are a few examples: 1. Replace the deceased’s income 2. Pay off mortgages and other debts 3. Meet college expenses 4. Buy services like childcare and housekeeping 5. Cover funeral and other final costs Denise at AccuQuote Disclaimer: I work for AccuQuote and this is my personal opinion.