What is 40 year term insurance?

It's a type of life insurance policy that provides temporary coverage lasting for a duration of forty years.

Usually, the premiums remain level for the life of the policy, and the amount of life insurance provided never decreases.

If the insured passes away during the forty year term, the death benefit is paid out to the beneficiary of the policy.

If the insured is alive when the forty year term expires, the life insurance coverage ends with no payout.

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How does 40 year term life insurance work?

A 40 year term life policy provides you with life insurance coverage lasting for a duration of forty years.

With 40 year level term insurance, your premiums stay the same each year, and the amount of life insurance provided by your policy never decreases during the policy term of 40 years.

With a 40 year policy you lock-in a low rate for decades, which means while the cost of everything else may be increasing due to inflation, your life insurance premiu...