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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 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...
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 dies during the time period...
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 a...
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.
Jun 25, 2021 · Term life insurance is a very common form of life insurance and provides a lump sum payout if you die in the course of the policy duration or if you suffer from a total permanent disability (TPD).
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 money to...
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.
Jun 20, 2024 · Cover specific needs. Many people only require life insurance to protect their dependents financially if they pass away. For example, say you have children who rely on your income or a spouse...
Jan 10, 2024 · Term life insurance is a policy that offers coverage for a specified number of years. If the insured person passes away within the time frame, their beneficiary receives the death benefit. Find Cheap Life Insurance Quotes in Your Area. Currently insured? Yes No. Find Insurers. It's free, simple and secure. How does term life insurance work?
5 days ago · What is term life insurance? Term life insurance is a type of temporary, short-term life insurance that pays a death benefit to your beneficiaries should you pass away while the policy is in effect. A death benefit is a monetary sum that can provide a safety net to your family and loved ones in the form of some financial security upon your passing.
