What is Term Life Insurance?
As we grow older, it is important to remember that we will not be there for our loved
ones forever. However, there are ways to take care of them even after the time comes
when we are no longer with them. That is why R.H. Nicholson & Company offers term life
insurance and whole life insurance policies. Such policies are an
investment that will
provide your family with the resources necessary for them to cover the expenses they
will need to pay for in the event of your passing.
If you are seeking a more affordable life insurance policy with adequate coverage, term
life insurance is ideal for you. It is a type of life insurance that only covers the
insured individual for a specific period of time, while whole life insurance covers them
throughout their lifetime. Once the term ends, the policyholder may renew it, convert it
to whole life coverage, or terminate it entirely.
How Does A Term Life Insurance Policy Work?
Term life insurance provides benefits to a given recipient upon the insured party’s
death.
It does not include a savings component, unlike a whole life insurance policy. It is a cash benefit
that beneficiaries can use to pay for the policyholder’s outstanding expenses, such as funeral
costs, debt, or mortgage payments.
Get First-Rate Term Life Insurance from R.H. Nicholson
If you have one or many loved ones that you care for, life insurance is essential to keep them
financially stable after your passing. Come to R.H. Nicholson & Company for an affordable term life
insurance policy.
Contact us at
(703) 261-6100 to have a free, confidential discussion about all of your insurance needs.
