What is Term Life Insurance?

Term life insurance provides financial protection for a set period of time, or a “term” of years. If the insured person passes away during the active policy term, a tax-free death benefit is paid directly to the designated beneficiary, ensuring financial stability for loved ones.

One of the biggest advantages of term life insurance is its affordability. It allows individuals to secure more coverage for a lower premium compared to other types of life insurance. At MIH, we champion the “Buy Term and Invest the Difference” strategy, encouraging clients to take the money saved on premiums and strategically invest it to build long-term wealth.

Do You Need Life Insurance?

If someone depends on your income—whether it’s family, a mortgage, or outstanding debts—the answer is simple: Yes.

Life insurance isn’t just protection—it’s income replacement. Have you ever considered how much you’ll earn over the course of your lifetime? For most, the number reaches well into the millions. That earning power is what funds your biggest financial goals: buying a home, raising a family, funding education, paying down debt, and retiring comfortably.

Without life insurance, the sudden loss of income can create devastating financial hardship for those you leave behind. Term life insurance ensures your loved ones can continue living without financial strain—because peace of mind is priceless.