What is a term insurance?
In simple terms, term insurance can be explained a type of financial cover which is given to a policyholder for a certain period. If a term insurance policyholder dies, then the benefit of death is paid to the beneficiary by the company. If you are planning to invest in term insurance, then one must be aware of the features and benefits of term insurance. The main aim of a person to sign up for term insurance is to get a life cover and the much needed financial security as well for his/her family members.