Integrate Term Insurance into Your Financial Strategy Term insurance is a type of insurance plan that provides coverage for a set period, which is referred to as the term of the policy. If the policyholder individual dies while the insurance is in position, the designated relatives get a death benefit. Term insurance, as contrasted with permanent life insurance policies which consist of whole life or universal life insurance, does not accumulate financial worth over time. On the contrary, it delivers simple and inexpensive protection for a predetermined time, typically Five to thirty years. To delve into the details, follow the link and read more here.