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Ok here it is the definition of Term Life Insurance.
Term Life Insurance is A plan of insurance that covers the insured for a specified period of time (term) and not for his or her entire life. The policy pays a death benefit only if the insured dies during the term and if the policy has not lapsed for nonpayment of the premiums due. Just a quick definition of what term life insurance is.
Medicare Supplemental Insurance
10 years ago
3 comments:
It's also worth mentioning that term life insurance does not rise in its value toward the owner as does whole life insurance.
Adam Hefner - http://www.termlifeinsurance2.com
Thanks for providing an excellent definition of term life insurance scheme that clearly explains its meaning. Its also worth noticing that a term policy can be converted to a whole policy before the term period expires.
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