Life insurance benefits vary greatly depending on the agency to provide coverage to choose the premium in the United States, you are covering, etc. Some advantages of May, but not necessarily limited to: consumer debt, higher education for the beneficiaries / members relatives, funeral expenses and mortgages. You can even mean for a term, a certain age (usually age 65 or retirement age.)
People often used as collateral for the college for their children or the house mortgage. For example, parents could buy the insurance, which ends only buy when their children graduate from college or owners the same policy that corresponds to the term mortgage assets. It is easy to verify that the recipient, if something happens to the insured late to training or mortgage will be placed in another policy.
In addition, term life is much easier to understand the lives of other politicians. Basically, have, choose a low monthly premium, depending on the length of coverage you elected. If something happens, your insurance company somewhere between $ 100,000 to millions of dollars. Term insurance, you can also choose how to invest your money with an afterword to. This freedom does not exist in other industries eg life insurance, because the insurance company usually takes care of himself these questions, consider the representatives of the money as they see fit.