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No, term life insurance has a term, hence the name.

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โˆ™ 2010-02-23 20:27:03
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Q: Does all life insurance have no physical term?
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What are the benefits of purchasing term assurance?

Term life insurance will protect the policyholder should his or her life end unexpectedly. Term life insurance is often the cheapest of all available insurance. Usually, term life insurance can be converted to whole life insurance during the term. Whole life insurance will never expire and the rates will remain constant throughout the policyholder's life.

Where can one get term life insurance in Germany?

There are several firms that offer term life insurance in Germany. Metlife, for one, provides life insurance all over the world. Statefarm is an acceptable place to purchase life insurance as well.

Is 30-year term life insurance appropriate for all age groups?

Yes, 30-year term life insurance is appropriate for all age groups from infant to elderly.

What is vol life vs group term life?

Voluntary term life insurance plan is elective and generally paid by the employee, whereas group term life insurance is employer paid, and all employees are included.

Where could one purchase a life term insurance plan?

One can purchase life term insurance plans with any company that sells insurance. Companies such as London Life, Intact, Nationwide and Geiko all sell this type of insurance.

How many tipe of life insurance is available?

Basically Perm and Term. Perm or whole life or Cash Value life can be several different types such as Single Premium Whole Life, Indexed Universal Life, Universal Life, several different variations of WL such as Interest Sensitive WL and then there are the variables. Also, the "new" term pays you all your money back in the end. Broadly there are two types of life insurance: a. Term life insurance b. Permanent life insurance Term life insurance can be further categorized into: a) Annually renewable term life insurance (ART) b) Guaranteed level term life insurance c) return of premium life insurance (ROP) While permanent life insurance can be further categorized into: a) Whole life insurance b) Universal Life insurance c) To age 100 level guaranteed life insurance d) Survivorship or 2nd- to- die life insurance

Would most people prefer to have term life insurance over regular life insurance?

It all depends on the actual individual if they want to have the regular life insurance for them and their family. Or if they prefer it being for a certain term instead.

Where can you find cheap life insurance in Indiana?

Cheap life insurance can be found easily in Indiana. Gerber, metlife and allstate all offer cheap life insurance policies. Choose term life insurance.

How often does a life insurance company pay out on term life policies?

Exactly every time that someone dies that has a policy. Term insurance is purchased for a particular situation, like to cover a mortgage, to cover education for a dependent, etc. This is why you purchase term insurance, the need should disappear at the same time that the term runs out. Term life insurance works like all other insurance, you die, they pay, that's all.

Do you need universal life insurance?

Universal life is a tool just like whole life and term. They all have their place, but not everyone need universal or term insurance. It depends on what your goals and fears are.

How long does term life insurance last?

term life insurance will last until you say no more. it could last 100 years or 50 years it all depends on you and what u want to pay for insurance..,

Do all life insurance companies require that you take a physical in order to get a policy?

No, not all insurance companies require that you take a physical in order to get a policy. One such example is GEICO and Allstate.

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