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Answered 2014-06-05 05:30:30
Term insurance is insurance that does not grow in money. If you have a policy of $10,000 for 20 years, it will be worth $10,000 for the entire term of the insurance.
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Term life insurance is temporary life insurance that provides coverage for a specific number of years.If you outlive the term of your policy, the coverage expires.Term life insurance is pure protection because no cash value builds within the policy, there is only life insurance protection, no investment.A+ purchased for a certain time period with a specific premium cost
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