What is term insurance and how does it work?
Term insurance is a type of life insurance that provides temporary protection, lasting for up to thirty years.
Usually, you may choose a policy term (duration) of 10, 15, 20, 25 or 30 years.
However, the maximum duration for coverage with term life insurance will depend on your age and health.
The longer your policy term, the higher your rate per $1,000 of term life insurance coverage.
Term life is the most affordable type of life insurance available for a period of 30 years or less.
Term insurance is a type of life insurance that provides temporary protection, lasting for up to thirty years.
Usually, you may choose a policy term (duration) of 10, 15, 20, 25 or 30 years.
However, the maximum duration for coverage with term life insurance will depend on your age and health.
The longer your policy term, the higher your rate per $1,000 of term life insurance coverage.
Term life is the most affordable type of life insurance available for a period of 30 years or less.
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