Are you considering the purchase of a term life policy?

If so, you may want to consider what are some of the most common reasons people choose to purchase term life insurance.

Although term life is inexpensive, it does have drawbacks. Term life is temporary and you may outlive your coverage, which means your policy expires with no payout if you are alive when the coverage term ends.

However, permanent life insurance can cost up to 5-10 times more than term life for the same amount of protection....

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What's important to consider when choosing a term life insurance plan?

If you're considering term life insurance you'll first want to consider how long you really need your life insurance protection to last.

If you need life insurance for a duration of 30 years or less, then term life is right for you.

Choosing term life will mean you want to consider how much coverage you need, how many years you need life insurance protection, and what you can afford to spend.

With term life you'll have coverag...
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Term life provides simple relatively inexpensive life insurance coverage for a specified period of time.

It's cheap, flexible and easy-to-understand.

Term life offers the lowest prices on short term insurance for up to 30 years of coverage.

You can choose a term of 10, 15, 20 or 30 years of life insurance protection to meet your needs.

If you die during the term of your life insurance policy, your beneficiary receives the death benefit.

If you outlive the duration of your term life policy, your li...
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Term Life Insurance is life insurance for "temporary" needs that may last up to 30 years, or less.

For example,iIf you have 15 years left on your home mortgage loan, purchasing a 15 to 20 year term life insurance policy is a cost effective way to cover that substantial debt, in case you die within that period of time.

You do not purchase Term life insurance to borrow from it in the future, because Term life insurance does not build up any cash value inside the policy, it is p...

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