Miles to Go Before I Sleep – How Term Life Insurance Protects Your Loved Ones


But I have promises to keep

And miles to go before I sleep.


“Stopping By Woods on a Snowy Evening”

by Robert Frost




You can read a more technical definition of term life insurance in this Investopedia article, but when you buy term life insurance, you are basically betting on your life. It’s a classic gamble: the insurance company who sells you the policy bets that you won’t die; you bet on the possibility that you will. The insurance company collects money from you each month, promising to pay your beneficiary much more than you ever paid in. They win the bet if you outlive the term because they collected your premiums for years without ever having to pay you back. You pay a small amount of money to your insurer in case you die prematurely. If you do, you “win” the bet, although that victory is not much of a win!