What Does a Term Life Insurance Cover?

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Term life insurance is designed to cover the policy holder in a few distinct situations. Learn about what term life insurance covers with help from a professional financial planner in this free video clip.

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

Hi, my name is Michael Hardy with Mullet and Hardy out of New York. Today, we're going to talk about what does term life insurance cover. Well life insurance in general will cover any type of death that happens. So if you should pass away in an accident, if you should pass away in your car, if you should pass away from a heart attack or from some illness, there is a benefit that is paid to your beneficiary from the policy. So, it would be no different from owning a permanent or whole life type of insurance contract than it would be from owning a term insurance contract. Each contract will pay to its beneficiary for your death. There are some exceptions that come up in life insurance that will not pay to your beneficiary and those things you have to review through your application process before applying. And that's what insurance will cover upon your death. My name is Michael Hardy with Mullet and Hardy. Thank you.

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