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

    Aug 1, 2023 · Term life insurance is a policy that provides coverage for a fixed 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.

  3. www.investopedia.com › terms › tTerm Life Insurance: What It Is, Different Types, Pros and Cons

    Jan 11, 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.

  4. www.forbes.com › choosing-the-right-term-life-insuranceWhat Is Term Life Insurance? – Forbes Advisor

    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.

  5. www.policygenius.com › life-insurance › term-life-insuranceHow Does Term Life Insurance Work? – Policygenius

    Mar 28, 2024 · A term life insurance policy is a contract that lasts for a set period of time (usually between 10 to 30 years) where the insurance company pays your beneficiaries a lump sum if you die while the policy is active. By.

  6. www.thebalancemoney.com › term-life-insurance-what-is-it-5094214Term Life Insurance: What Is It? - The Balance

    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.

  7. www.nerdwallet.com › article › insuranceTerm Life Insurance: What It Is and How It Works - NerdWallet

    Apr 5, 2024 · Term life insurance is a type of coverage that pays a death benefit if you die during a specific period of time. Learn how term life insurance works, how much it costs and when to buy it.

  8. www.prudential.com.my › whole-life-vs-term-life-insuranceWhole Life vs Term Life Insurance | Prudential Malaysia

    Term life insurance (also referred to as pure life insurance) is a life insurance policy type that protects one’s dependents by providing them with a tax-free death benefit. The most common term life duration is 10 years. However, one can sign up for 20 or even up to 30 years.