A specific type of financial protection provides coverage for a defined period, known as the term. The organization, ASCE, often offers benefits, potentially including access to these types of policies, for its members. For instance, an individual might purchase this kind of policy for a set number of years, with the assurance that a death benefit will be paid out should the insured pass away within that specific timeframe.
Securing this type of coverage can be a practical way to provide financial security for loved ones in the event of an untimely death. Benefits typically include a pre-determined payout amount to beneficiaries, which can be used to cover expenses such as mortgage payments, education costs, or general living expenses. Historically, membership-based organizations have sought to provide value to their members through group purchasing power, potentially resulting in more competitive rates on essential services, including this form of life coverage.
