What is term life insurance?

There are different types of life insurance that are available based on a policy holder’s needs. Term life insurance is one such type of coverage that is utilized by many who have invested in a policy. Integra Insurance Services is a company that provides this kind of coverage for people in the Huntington, TX area. 

How term life insurance works

This is a type of coverage that lasts for a specific timeframe or term of years. If the policyholder dies during this term, their beneficiaries will receive the amount of coverage listed in the policy.  

These policies are generally more affordable than whole life insurance and other types of coverage, and they give the best value relative to their cost. This is because the policy does not technically have any monetary value until the death of the insured person, and it does not allow for cash payouts in most cases. A term policy can be beneficial if someone wants coverage during a specific period of their life, such as while they are raising young children or working in a certain occupation. People who want to invest in permanent coverage that can last for the rest of their life should look into other types of coverage. However, when a term policy ends, the policyholder can renew it or convert it to a different type of life insurance if they choose to do so. The specifics of a term policy will vary based on a person’s age and life expectancy. 

Learn more about setting up a life insurance policy

If you have any other questions about term life insurance, you can contact an agent at Integra Insurance Services. They serve people in the Huntington, TX area with great insurance coverage.