TERM INSURANCE
Term insurance is a specified amount of insurance for a specified period of time. There are different types of term insurance. Below I will list the different types of term insurance and then will explain similarities and differences in future blogs.
- Annual Renewal Term (ART)
- Decreasing Term Insurance
- Level Term Insurance
- Level Term Insurance with Return of Premium Rider (ROP)
ART and decreasing term insurance have significantly decreased in availability with the development of the level term products.
