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- DictionaryTerm life in·sur·ance
noun
- 1. life insurance that pays a benefit in the event of the death of the insured during a specified term.
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Jan 11, 2024 · Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during the specified term.
Aug 1, 2023 · Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured...
Apr 5, 2024 · What is term life insurance? Term life insurance offers temporary coverage for a specific period of time, such as 10, 20 or 30 years. As long as you keep up with your premium payments, your...
Mar 28, 2024 · What is term life insurance? Term life insurance is a policy that lasts a set term — usually between 10 and 30 years — and then it expires. You make premium payments in exchange for coverage. If you die during your policy’s term, the insurer will pay your beneficiaries a tax-free sum of money called the death benefit.
Mar 13, 2024 · Term life insurance is a contract between a policyholder and an insurance company that says if the insured person passes away within the time period of the policy, the insurer will pay...
3 days ago · Term life insurance is a short-term policy that covers the owner for a fixed number of years and must be renewed to keep coverage in place. While premiums for term life insurance start low and level during the policy, they will increase in the future at every renewal period.
Mar 25, 2024 · Term life insurance is temporary coverage that lasts for a set period of time, such as 10 or 20 years. It’s the cheapest type of life insurance and sufficient for most people.
Nov 3, 2023 · Term life insurance is a type of life insurance policy that lasts for a predetermined number of years rather than your entire life. When purchasing a term life policy, you’ll choose a policy...
Apr 28, 2024 · Term life insurance is a type of life insurance policy that has a specified end date, like 20 years from the start date. The death benefit will only be paid out if the insured...
Nov 16, 2021 · Term life insurance, which is considered “pure life insurance,” offers this death benefit if the covered individual passes away during the specified policy term. Insurers generally offer terms ranging from as little as one year up to 40 years.
