Term Life Insurence

April 22, 2008 on 12:35 am | In Business, Finance, General |

What is Term Life Insurance?

Term life insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection for a specified period of time, such as 10, 20 or 30 years.1 If you die within the term period and the policy is in force, a death benefit is paid to your beneficiary. If you are still living at the end of the term, protection ceases unless your term life insurance policy is renewed. There is no “accumulation” element, or cash value with term life insurance

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[...] ARTICLESSTATION.COM wrote an interesting post today onHere’s a quick excerpt What is Term Life Insurance? Term life insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection for a specified period of time, such as 10, 20 or 30 years.1 If you die within the term period and the policy is in force, a death benefit is paid to your beneficiary. If you are still living at the end of the term, protection ceases unless your term life insurance policy is renewed. There is no “accumulation” element, or cash value wi [...]

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