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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 · 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 insurer will pay a sum of...
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...
May 9, 2024 · Term Life Insurance: Security for a Set Period. Personal Finance Insurance Life Insurance. Term Life Insurance: Simple, Affordable Protection. Written by Tanza Loudenback , Ronda Lee, and...
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.
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...
