Term Insurance Benefits

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The benefits of term life insurance are many. Find out about term insurance benefits with help from a member of the California Department of Insurance Curriculum Board and insurance professional in this free video clip.

Part of the Video Series: Life Insurance & More
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Video Transcript

Hi, I'm Tony Steuer, The Life Insurance Sage, and this is my tip on term life insurance benefits. The benefits of term life insurance are many. The first of all is that it's simple to understand. You pay a premium, somebody passes away, a death benefit is paid. Term life insurance generally has a guaranteed level premium for a certain amount of years hence the word, term, for a certain term of years. It pays a set death benefit, there's no other moving parts as with other types of life insurance policies. The premiums for term life insurance are also a lot less than they are for other types of life insurance such as whole life insurance, universal life insurance or any type of life insurance that accumulates a cash value. Term life insurance is a pure way of insuring against a risk. You're not getting anything else, you're not paying for anything else. It's clear, it's simple and that's a benefit of term life insurance. I'm Tony Steuer, The Life Insurance Sage, and that was my tip on basic term life insurance benefits. Thank you for watching.

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