How does term life insurance work?
Term life insurance is a type of policy that covers you for death or terminal illness, for a pre-determined period of time. The term of cover is usually a set number of years, often between ten and twenty, or until you reach a certain age.
With a fully underwritten life insurance policy typically becoming more difficult to secure as you get older, term life insurance can be a great way for older people to protect what’s important during the later years of your life.
But with several types of life insurance available, it’s important to do your research to make sure you choose the right type of cover for you and your specific needs.