I've never gotten any term life insurance quotes before, I'm not actually sure I know what they are, I'm guessing you pay a certain amount over an agreed amount of time, once that time has expired it would be time to renegotiate the fees or move on, just guessing though.
One day I'll probably get some kind of life insurance, though at this point I just don't need it.
I wouldn't bother, it's a con just like all forms on insurance usually are!
ReplyDeleteAs far as I know there is no fixed term, if you die young the insurance company loses out but if you live to be 100 then you've wasted a lot of money on insurance you didn't really need.