Term Life
Insurance
Guarantee a life benefit for your loved ones after your passing.
What is Term Life Insurance?
Term life insurance is a type of life insurance policy that provides coverage for a specified period or "term" of years. If the insured person passes away during the term, a death benefit is paid out to the beneficiaries. This does not build cash value and is purely designed to offer financial protection during the policy term.
When you avail a term life insurance policy, we determine the premium based on the policy's value (the payout amount) and such factors as your age, gender, and health. Other considerations affecting rates include the company’s business expenses, how much it earns from its investments, and mortality rates for each age.
Benefits
At Amcover Insurance, we offer this to most people as it is so much more affordable than permanent life insurance.
This is ideal for providing coverage during your specific periods when financial responsibilities are high, such as raising kids or simply paying off your mortgage.
