This article provides you with a short general summary that explains the basis for insurance and then describes one form of life insurance, Term 10-Term-20, that can be used in a number of different ways.  In essence we will be exploring how you can use insurance as part of your retirement plan to ensure that you have financial stability in retirement.

Here are the basic concepts on which life insurance is based.  It can be helpful to understand these concepts since doing so makes it easier to understand how life insurance works.


  • Mortality curve
  • Law of large numbers
  • Tax sheltered environment