What is Term Life Insurance?

The Catawba River Insurance Group • May 15, 2023

If you’ve been looking into purchasing a life insurance policy, you may have seen that there are several different types of insurance out there. One of these types is term life insurance , which, like other life insurance options, comes with its own specifications and benefits.

Term life insurance will cover you and your loved ones for a specified term, which typically ranges from 10 years to 30 years. During this time, you’d make a monthly premium payment. If you pass away during this time, your life insurance company will pay a tax-free death benefit to your beneficiaries. However, once the term ends, your life insurance protection will also end.

This type of life insurance is popular with adult couples who are raising their families. Do you want to set up a policy that will help your child pay for college in the event that you pass away? Are there other expenses that you want to make sure your young adult children don’t have to worry about after you’re gone? If so, a term life insurance policy may be your best option.

Term life insurance policies are customizable to your needs. You can pick the length of the term as well as the coverage amount. Every family is different, so the amount of coverage necessary for a couple with one child would most likely be different than the amount of coverage needed for a couple with five children. Whatever your situation and life insurance needs are, you can count on our team at The Catawba River Insurance Group to help you find the best term life insurance policy for you, so call us for your life insurance needs.

Car vs. Truck Insurance

By The Catawba River Insurance Group • May 15, 2025
Driving a vehicle of any kind involves a certain level of risk, and different types of vehicles have different risks associated with them. Because the risks are different, the insurance for different types of vehicles is also different. Our team at The Catawba River Insurance Group has comprehensive knowledge of the various types of auto […] The post Car vs. Truck Insurance first appeared on The Catawba River Insurance Group.

Differences Between Personal and Commercial Auto Insurance

By The Catawba River Insurance Group • April 15, 2025
Our team at The Catawba River Insurance Group has extensive experience in the insurance industry, and you can count on us to help you find the best insurance for your needs. Over the years, we have answered countless questions about the various types of insurance and the differences between them, and we want to shed […] The post Differences Between Personal and Commercial Auto Insurance first appeared on The Catawba River Insurance Group.

Is Renters Insurance Worth It?

By The Catawba River Insurance Group • March 14, 2025
If you are renting a home or apartment, you may not think insurance is necessary since your landlord is required to have insurance. However, it’s important to note that your landlord’s insurance only covers the dwelling, not your belongings or specific unit. If you want liability coverage in case you damage the property or someone […] The post Is Renters Insurance Worth It? first appeared on The Catawba River Insurance Group.