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- Dictionaryterm life in·sur·ance
noun
- 1. life insurance that pays a benefit in the event of the death of the insured during a specified term.
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Jan 11, 2024 · Term life insurance provides a death benefit that pays the beneficiaries of the policyholder throughout a specified period of time. Once the term expires, the policyholder can...
Aug 1, 2023 · Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured...
Jun 19, 2023 · Difference Between Term Insurance and Life Insurance. Life insurance covers you and your family in the case of your death, whereas term insurance provides coverage during a chosen period. Overall, term insurance is associated with a more affordable price tag when compared to life insurance.
Jun 7, 2024 · Term insurance is a life insurance product, which offers financial coverage to the policyholder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.
May 23, 2024 · Term insurance is one of the most simple, basic and pure life insurance products. It provides compensation to the family or nominee only at the demise of the person insured. There is...
Mar 20, 2023 · Term insurance is a basic financial security tool for an individual to park and save money to safeguard the future of the nominee (s) in case of any unforeseen event.
Mar 13, 2024 · Term life insurance is a contract between a policyholder and an insurance company that says if the insured person passes away within the time period of the policy, the insurer will...
