Term Life Insurance
Posted in: Insurance
define: Term Life Insurance
Life insurance that expires after a “term,” or period of time. Term insurance only provides coverage if the insured dies while the policy is active. No payments are made if the term expires and the insured is living, nor are refunds given for premiums if the insured cancels the policy.
Life insurance that expires after a “term,” or period of time. Term insurance only provides coverage if the insured dies while the policy is active. No payments are made if the term expires and the insured is living, nor are refunds given for premiums if the insured cancels the policy.
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