Short Term Life Insurance Policy

What is short term life insurance? A short term life insurance policy is insurance that covers a short period of time, as opposed to a longer term policy. In the past, the only way you were typically able to purchase short term life insurance was to meet and talk with an individual agent in person. These days, you can purchase such a policy online as well as in person.

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The following are a few of the questions on the subject of short term life insurance online:

Exactly when do I need to purchase a short term life insurance policy, and for what purpose?     

A short term life insurance policy may sometimes be purchased when people leave their jobs, and have not yet moved to a new job. Since they may have had a company-sponsored insurance policy at their old place of employment, they may purchase short term life insurance in the gap between leaving that position and acquiring a new position. It may help fill in the gaps between insurance coverage policies.

So how, exactly, does such a policy work?

Short term life insurance may have coverage very close to what a traditional life insurance covers except for one thing – the length of the term. In some cases, you can buy short term life insurance online and possibly get the coverage more quickly due to the underwriting procedure for such a policy.

Is there only one kind of short term life insurance policy?

Generally, no. Actually, there may be two main kinds of short term life insurance available. One of the types of a short term life insurance online policy covers death, no matter what the reason. The other type of policy covers accidental death only. The accidental death short term life insurance may be less expensive than the more extensive, due to its limited coverage.

Regarding a short term life insurance policy, what types of policies are available?

A short term life insurance policy may be available for varying amounts of coverage.

Is a short term life insurance policy renewable?

It may be, depending on the riders of the policy.

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"Did you know that since 2005 the percentage of U.S. adults without life insurance has nearly doubled?"*