Term insurance is a form of life insurance. It provides coverage for you for a specific period of time and pays a benefit if you die during the term.

Do you even need life insurance? You sure do, if you have a spouse or children or other family members whom you wish to protect in the event that something awful happens and they can no longer rely on you for financial support.

You do not want your survivors to be left in debt, or have to sell the house, or change their lifestyle drastically—in which case, taking out a term insurance policy is often a prudent and affordable choice.

Term insurance can be excellent for younger families, for example. There are other advantages to term, and an advisor from the O’Donnell Financial Group will be happy to explain them to you.

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