Term Life Insurance Term life insurance is different from whole life insurance in that term life insurance lasts a particular period of time. Although all insurance consists of a bet between you and the insurance company that you won’t suffer some grievous mishap during the term of the policy, term life insurance is perhaps the only one where the policyholder cashes in even if nothing bad happens to him. Anyone who holds a term life insurance policy is insured in case of accidental or any other sort of death during the time of the policy. If a term life insurance holder dies during the term in question, his beneficiaries will collect an amount specified by the term life insurance policy. It’s if the term life insurance policyholder doesn’t die during the terms of the policy that he really gets lucky. Not only is he still alive when the term ends (which is a bonus!), but under the term life insurance policy’s terms he gets some money anyway. It’s not often you get to have your cake and eat it too, but term life insurance is one of those rare life events where both needs can be satisfied. Quelle "Term Life Insurance" : General Main page for "Term Life Insurance"