Short Term Life Insurance

Short term life insurance is intended to be a fallback plan to carry you through a temporary lapse in coverage so the death benefits are usually not as large as those of traditional term life policies.

Short term life insurance. Look into exactly what the specific plan offers and how it can benefit you and your family in the case of your death. If the insured dies during the time period specified in the. Short term life insurance policies can be written to cover as little as 25 000 or as much as 2 million. Term life insurance provides death protection for a stated time period or term.

What it s not meant to do is to replace your existing life insurance coverage or to be a cheaper alternative to a more traditional life insurance policy if you have the need for long term coverage. Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of years. The death benefit from a short term life insurance policy can help off set medical expenses funeral costs college tuition fees or loan repayments. If you die before the term is up your beneficiary usually your family receives a death benefit as a tax free lump sum of money that can be used for funeral expenses to pay bills or for any other use.

If you want to be insured for either natural or accidental death make sure the one you choose covers it. Simply put short term life insurance is typically a life insurance policy that provides coverage for less than a year. Our life insurance offers comprehensive coverage to lessen your family s financial burdens and put your mind at ease. Typically it is available on special terms and based on restricted information without fuller medical reports and tests.

All companies have varying short term life insurance. While you are insured during the gap between your initial life insurance application and your policy s effective date temporary life insurance comes with some limitations. The coverage for short term life insurance is dependent upon the life insurance company providing it. It s meant to cover you for a short period of time and for a specific purpose.

Rates for short term life insurance. With most insurers you will find term life insurance short death benefits that range from 50 000 100 000 with no medical exam required. The short term life insurance policy refers to a term of five years or less while the coverage meets the customer s requirements for life insurance. Temporary life insurance is a short term policy option offered by life insurance carriers that provides some coverage while you wait for your policy to go in force.

Term life insurance is a form of life insurance that lasts for a set number of years known as the term before expiring.