What is term insurance and how does it work?

Term insurance is temporary life insurance lasting for a specific period of time, usually up to 30 years.

Many insurers offer term life insurance plans for a duration of 10, 15, 20, 25 or 30 years of protection.

If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the life insurance policy.

If there insured person is alive when the policy term expires, there is no payout of any benefits, and the coverag...

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Term life insurance is a type of life insurance that provides temporary coverage for a specific number of years, usually for a period up to 30 years.

With term insurance, you select a term of coverage from 10, 15, 20 or 30 years.

If you pass away during your policy term, your beneficiary receives a payout of the death benefit from your term life policy.

If you outlive the term of your policy, there is no payout, and the coverage ends.

Term insurance is the lowest priced type of life insurance cov...
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