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Re-entry term insurance is term insurance in which premiums increased based on the length of time since the last proof of insurability (as well as age). It allows insureds to periodically qualify for lower (select) rates by "re-entering" the insurance (submitting updated proof of insurability).
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What is meant by the term cost term life insurance?
Term life insurance refers to a common category of life insurance in which fixed payments are offered for a limited time (or term). If the person dies outside of the term, they receive no payment.
What is meant by the term contents and buildings insurance?
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