120 West Superior Street
Common purposes for this type of life insurance include:
In the same way "renting" an apartment is much more affordable than "owning" a house, the apartment still provides a safe residence while someone has a short term need or one’s budget is especially important.
"Term" life insurance is like "renting" protection from an insurance company against an unforeseen loss of life for someone who made a financial commitment to someone else. For example, a spouse/parent makes a commitment to their spouse or child to provide for that other person. Term life insurance is protection in case the provider dies unexpectedly but still wants to keep their commitment to provide for their spouse or children.