What is a term life insurance policy? It's a type of life insurance plan that provides coverage for a set period of time.

Term life is temporary, usually for a period up to age 65 or 70. Term life usually provides level premiums for a period of 10, 15, 20 or 30 years. Term life is the lowest priced life insurance compared to permanent life insurance which provides lifetime coverage.

Term life offers the most life insurance at the lowest cost. You have the flexibility of choosing coverage for 10...
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