What Is Term Insurance

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What is term insurance – It s a life insurance policy you buy for a certain number term of years. If you die after the term is over the insurance company doesn t pay.

One should know importance of term insurance key features and why you should opt for it before buying term insurance.

What is term insurance – The term insurance plan is a type of the life insurance policy which provides coverage for a specified tenure of years or a certain period. Term life insurance also known as pure life insurance is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. As the name implies term life insurance also known as term assurance or pure life insurance is a type of life insurance coverage that expires after a certain length of time or term until its expiration date the policy guarantees payment to a beneficiary or beneficiaries if the insured dies. What is term insurance

If you die before the term is over the insurance company will pay the death benefit another way to say payout. But it s not the kind of policy that you really buy for yourself. Term life insurance is just what its name suggests. What is term insurance

Term life insurance just means it lasts for a set number of years or term. You need life insurance if you have a family or loved ones who depend on your income because no one lives forever. You buy it for your family who would be the beneficiaries of the policy if you pass away. What is term insurance

In case of death of the insured individual during the policy term the death benefit is paid by the company to the beneficiary. Term insurance is a life insurance product which offers financial coverage to the policyholder for a specific time period. We recommend buying a term policy that lasts 15 20 years. What is term insurance

Typical terms include 10 20 or 30 years. What is term life insurance. What is term insurance what is term insurance. What is term insurance

If the insured dies during the time period specified in a term. In case the insured passes away during the term insurance policy term the lump sum amount is paid to the nominee as a death benefit. Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of years. What is term insurance

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