It´s better to have a Life Insurance and not need it, than need it and not have it.

What is a Term Life Insurance?

Term life insurance is the simplest of all insurances. The insured selects a coverage amount and defines for how many years he will maintain the policy. This time can range from one year to 30 years.

If an insured chooses a 5-year term, upon expiration of this term, they may find it necessary to renew the policy, change it, or simply let it expire.

One of its great advantages is usually the price, since you are buying the insurance for a specific period, the premiums are usually exactly the amount the insurer needs to cover the cost of your policy and there are no extra charges for substitute for the future price of the insurance.


Because term life insurance is only death insurance, it is used to cover mortgages (guarantee that the bank will receive their money), payment to the families (upon death of insured person his family will usually receive repayment for funeral and in some cases will get some money), repayment of debts.

The death benefit will be paid if the insured dies. If he/she does not die during the coverage period no claims are paid, and a new contract must be written.

Term life insurance is the most affordable type of life insurance because it is temporary and builds no cash value inside the policy over time. Term life is “pure protection”, not an investment.


Term life insurance is the original form of life insurance and is different to permanent insurance because its rates will not go up, and there is a fixed term contract, which will end in the future.


Buying a life policy is an act of love

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