Term life insurance allows you to receive your policy’s full coverage plan if your death occurs within the policy’s term. If you pass on while the policy is still valid, then a full pay-out will be made.
Unlike whole life insurance, there are no investment opportunities to be had. And if you want to extend your insurance policy past its set period, you can apply for an annual renewal. You won’t have to show that your health is in good standing from year to year or re-qualify for the renewals. Simply sticking with the plan is enough verification.
If you would like to explore your life insurance options, you should head to AspectInsurance.co.uk. They offer a variety of coverage plans that can suit anyone, regardless of their financial situation. Their rates are some of the most competitive in the industry, and they can help you plan for your future.