As the name implies, term insurance is designed to provide coverage for a set period of time only.
Most insurers offer term insurance at a set rate for a period of five or 10 years.
Geico offers term insurance coverage through Life Quotes, Inc. This type of protection is an economical way for policyholders to protect their loved ones if tragedy strikes.
Short term insurance is sufficient for travelers who are simply vacationing or staying for a brief time at an international location.
Your beneficiaries can only collect on term insurance if you die before the policy expires.
