Author: Jim Palmer

Direct Insurance, http://www.directinsurance.com, is helping consumers learn about term life insurance through their website which provides valuable resources like the "Learning Center" at http://www.directinsurance.com/direct/learning.aspx

Term insurance covers you for a specified period of time (term) of one or more years. It pays a death benefit only if you die in that term. Term insurance generally offers the largest insurance protection for your premium dollar. It generally does not build up cash value.

You can renew most term life insurance policies for one or more terms even if your health has changed. Each time you renew the term life insurance policy for a new term, premiums may be higher. Ask your life insurance agent what the premiums will be if you continue to renew the policy. Also ask if you will lose the right to renew the policy at a certain age. Some term life insurance policies do not allow you to continue to renew your policy past age 95. For a higher premium, some companies will give you the right to keep the policy in force for a guaranteed period at the same price each year. At the end of that time you may need to pass a physical examination to continue coverage, and premiums may increase.

You may be able to trade many term insurance policies for a cash value policy during a conversion period – even if you are not in good health. Premiums for the new policy will be higher than you have been paying for the term insurance.

To learn more about term life insurance click on the attached link http://www.directinsurance.com to get term life insurance quotes or http://www.directinsurance.com/direct/learning.aspx to review valuable insurance resources.