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Term life is a temporary life insurance policy. It is called term life insurance because it is purchased only for a temporary period of term, anywhere between 5 to 30 years. During the term period, a term life policy guarantees a certain amount of death benefits to the beneficiary, tax free, in the event of the policy holder's death. The most popular term life policy is level term life insurance where the premiums remain level throughout your term period.
What else can I help you with?
What does the statement, "insurance life no physical term" mean?
It would mean you could get term life insurance with no medical exam. Term life insurance only protects you till a certain age.
What does 5 years to life prison term mean?
What do it mean when somebody get 25yesrs to life
What does gtl mean on a paycheck?
Group Term Life (life insurance)
What does term water is history mean?
It means Life.
What term mean play quickly with life?
Vivace
What dose bio mean?
it means life or like earth our life
What does the term La Vie mean?
Life, the life, C'est la vie translates to "that's life"
What does the term life limiting illness mean?
It refers to an illness that will take years off a life.
What does the term life for rent mean?
The term 'life for rent' means that life isn't really a person's own possession; instead, life is like a rent. A person can't manage, buy or own life.
What does newborn mean?
The term newborn refers to the first four weeks of life.
What does the term 'life-cycle' mean?
it means the series of changes in the life of a creature (it doesn't have to be one) and it includes reproduction.
What do you mean by the term life insurance?
Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.
