What is a life insurance policy?

Life Insurance is a contract between the policy owner and the insurer. The insurer agrees to pay a sum of money in the event of the policy holders death to the designated Beneficiary.

www.lifeinsureusa.com/general/what-is-a-life-insurance-policy.html

What is Term Life Insurance?

There are two different types of life insurance, term life insurance and permanent life insurance. Term life insurance is the easier of the two plans.

www.protected.co.uk/articles/life-insurance/what-is-term-life-insurance