Term life insurance definition

Term life insurance Definition,

Term life insurance What is term life insurance? Term life insurance is precisely what the name implies: an insurance policy that is good for a specific term of time. That term may be 10, 20, or even 30 years, but once that period of time is over, the policy is no longer in effect. Deeper definition Term life insurance has a variety of benefits and advantages, including: It is easy to understand. All you need to know is that you are paying for a specific amount of life insurance for a specific period of time, and that your heirs will receive the agreed-upon amount in the event of your death. Biggest bang for your buck. With a term life policy, you can acquire the largest death benefit for...

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