About Term Life Insurance Coverage

What exactly is term life insurance and why do I need to be covered by it?

That is the main question that everyone asks and no insurance agent seems to want to give a simple answer to.

Term= fixed amount of time

Life insurance= if you die the insurance company pay a lump sum out

Coverage = you are insured

So it is really -Insurance for a fixed amount of time that requires you to die before it pays out.