What is direct term life insurance mean

A direct-term life insurance policy is a type of life insurance that lasts for a specific time, usually 10 to 30 years. If you die while the policy is active, your family will receive a cash payout that they can use to cover any short- or long-term financial needs.

Which is better to have whole or term life insurance?

If you only need life insurance for a relatively short period of time (such as only when you have minor children to raise), term may be better as the premiums are more affordable. If you need permanent coverage that lasts your entire life, whole life is likely preferred.

Do you get your money back at the end of a term life insurance?

Do you get your money back at the end of a term life insurance policy? No – unless you have a return of premium policy. However, such policies can be 2-4 times more expensive than a regular level term life insurance policy.

What is the difference between direct term and permanent life insurance?

There are two basic life insurance options: term and permanent. Term lasts for a specific, pre-set period. Permanent lasts your entire lifetime.