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Term Life Insurance
A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. Term policies have premium guarantees from 1-40 years. Advantages of Term Life Insurance: >Term Insurance is the most affordable type of life insurance. >You can convert your term policy within the conversion period. >There are no hassles and no medical exams required. >Your conversion option (assuming you have one, of course) is guaranteed even if you've had change in health. >The premiums on the newly converted policy can often be guaranteed to remain level for the rest of your life. >Most companies are renewable to age 95, meaning you can renew the policy at the end of the guarantee. Why Buy Term Life Insurance: 1. To provide coverage for dependents. 2. Providing expenses at the time of death 3. To cover a mortgage or college tuition. |
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