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1. Dictionary

   Term 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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2. www.investopedia.com · terms · tTerm Life Insurance: What It Is, Different Types, Pros and Cons

   www.investopedia.com · terms · t

   

   Sep 20, 2024 · Term life insurance is a policy that pays a death benefit only if the insured person dies during a specified period. Learn about the different types of term life insurance, how they work, and their advantages and disadvantages.

   • Author: Julia Kagan

   • Video Duration: 2 min

3. People also ask

   How does term life insurance work?

   • Term life insurance provides a death benefit that pays the beneficiaries of the policyholder throughout a specified period of time. Once the term expires, the policyholder can either renew it for another term, possibly convert the policy to permanent coverage, or allow the term life insurance policy to lapse.

   Term Life Insurance: What It Is, Different Types, Pros and Cons

   www.investopedia.com/terms/t/termlife.asp

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   What is a term life insurance policy?

   • Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during the specified term. These policies have no value other than the guaranteed death benefit and don’t feature a savings component (as is found in permanent life insurance products).

   Term Life Insurance: What It Is, Different Types, Pros and Cons

   www.investopedia.com/terms/t/termlife.asp

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   What is a term insurance policy?

   • Term insurance is a type of life insurance policy that provides coverage for a certain period of time, such as 30 years. If the insured dies during the time period specified in a term policy and the policy is active, then a death benefit will be paid. Most term policies offer level premiums for the duration of the policy.

   What Is Term Insurance? How Does It Work, and What Are the Types?

   www.investopedia.com/ask/answers/08/term-life-insurance.asp

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   How long can a term life insurance policy last?

   • You can purchase term life policies that last 10, 15, 20 years, or more, and can usually renew them for an additional term. When you buy a term life insurance policy, the insurance company determines the premium based on the policy's value (the payout amount) and such factors as your age, gender, and health.

   Term Life Insurance: What It Is, Different Types, Pros and Cons

   www.investopedia.com/terms/t/termlife.asp

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4. www.investopedia.com · 08 · term-life-insuranceWhat Is Term Insurance? How Does It Work, and ... - Investopedia

   www.investopedia.com · 08 · term-life-insurance

   

   Jul 30, 2024 · Term life insurance is a policy that provides coverage for a certain period of time, such as 30 years, and pays a death benefit if the insured dies during that time. Learn about the different types of term insurance, how they work, and how they compare to whole life insurance.

   • Author: Barry Higgins

5. Videos

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     8:00

     YouTube

     Term Life Insurance Explained

     Dec 30, 2020

     51.9K Views

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     2:49

     YouTube

     Term Life Insurance Explained | Insurance Explained

     Oct 7, 2021

     4.4K Views

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     1:39

     YouTube

     Term Life Insurance: What it is and How it Works | American Family Insurance

     May 9, 2022

     2.3K Views

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6. www.nerdwallet.com · what-is-term-life-insuranceTerm Life Insurance: What It Is and How It Works - NerdWallet

   www.nerdwallet.com · what-is-term-life-insurance

   

   Apr 5, 2024 · Key terms in this article. 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...

7. www.forbes.com · advisor · life-insuranceWhat Is Term Life Insurance? – Forbes Advisor

   www.forbes.com · advisor · life-insurance

   

   Jul 9, 2024 · Term life insurance is a contract that pays a death benefit if you die within a specific time period. Learn how it works, how much it costs, and what types of term life insurance are available.

   • One of the great things about term life insurance is that it gives your beneficiaries financial flexibility. They can use the payout for any financ...
   • Term life insurance guarantees a death benefit to your life insurance beneficiaries if you die while coverage is in force. It’s also generally the...
   • Term life insurance policies contain no cash value. It’s one of the reasons that term life is usually the least expensive way to buy life insurance...
   • The biggest difference between term life vs. whole life insurance is the length of the policy and the cash value component. Term life insurance doe...

8. www.policygenius.com · life-insurance · term-lifeHow Does Term Life Insurance Work? - Policygenius

   www.policygenius.com · life-insurance · term-life

   

   Jul 31, 2024 · Term life insurance is a contract that pays a death benefit if you die within a set period of time. Learn how it works, who should buy it, and how much it costs from Policygenius experts.

9. www.usnews.com · insurance · life-insuranceWhat is Term Life Insurance? | U.S. News & World Report

   www.usnews.com · insurance · life-insurance

   

   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...

10. www.bankrate.com · insurance · life-insuranceTerm Life Insurance - Bankrate

    www.bankrate.com · insurance · life-insurance

    

    Jun 24, 2024 · Term life insurance is a policy that provides coverage for a fixed period, usually 10 to 30 years. Learn about the pros and cons, types and costs of term life insurance and how to choose the best policy for your needs.