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Term life is a kind of life insurance that remains in force for the amount of time (the "term") stated in the policy. At the end of the term, coverage of the policy ends.
In its usual form, term insurance does not accumulate cash value, like whole life insurance. Cash value can be likened to a "savings account" within the policy into which a small part of every premium dollar is deposited. Unlike this, the premium for a term policy is tied more directly to the actual cost of providing the death protection. Therefore, term insurance is generally less costly than whole life insurance.
purchased for a certain time period with a specific premium cost
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Clarissa Nitzsche
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Is the best description of health insurance?
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Which of these is the best description of term insurance. purchased for a set premium cost with the option of paying in more?
purchased for a certain time period with a specific premium cost
What is renewable term insurance?
A renewable term insurance gives you the option of renewing or starting your term life insurance period over again without proving that you are in good health. This usually means that the term will automatically renew for another term so long as you pay the premium. The premiums may go up, and there are age maximums assigned to renewable term insurance. There is a description of renewable term insurance and other types of insurance at the Insurance Information Institute.
Best description of variable life insurance?
Purchased for the secondary purpose of investing
What term best fits the description of similar to plateaus?
guyots
Which term is the best description of the surface of a plane mirror?
Flat
Where can I find information on best term insurance?
Try going to this website: www.budgetlife.com/ to find information on best term insurance.Also Budget Life serves term life insurance and whole life insurance consumers with online life insurance rates from top rated companies.
How can I best evaluate online quotes for term life insurance?
Intelliquote.com and Quickquote.com are online insurance brokers that can provide term life insurance quotes online from the top term life insurance companies. You can compare online policy and insurance needs.
Where can I find a 30 year term life Insurance for less money?
http://www.smartmoney.com/personal-finance/insurance/which-life-insurance-is-best-16975/?hpadref=1 will help you decide which term life insurance company gives you the best bang for your buck,
What term best describes the mood the author creates in his description of Soho?
rewrgte
What are the best Canadian insurance companies that deal in long term insurance?
There are a number of Canadian insurance companies that deal in long term insurance. Two of the better known companies include Senior Years and Manulife.
Where is the best place to acquire AARP long term care insurance?
The best place to acquire AARP long term care insurance is directly through the AARP website or by contacting their customer service. AARP partners with insurance companies to offer long term care insurance plans specifically designed for their members.
