Short-term life insurance is a type of policy that provides coverage for a limited time, usually between one and five years. Unlike long-term policies, this type of insurance offers quick, temporary coverage for specific situations like short-term loans or transitional life events.
Short-term life insurance features lower premiums and often requires minimal underwriting. It is best suited for individuals who need immediate financial protection without a long-term commitment. Understanding its benefits, limitations, types and how it works can help you make an informed decision that aligns with your financial goals and current life situation.