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  1. Dictionary
    term 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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  2. www.investopedia.com › terms › tTerm Life Insurance: What It Is, Different Types, Pros and Cons

    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...

  3. www.hdfclife.com › term-insurance-plans › what-is-term-insuranceWhat is Term Insurance? - HDFC 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.

  4. www.investopedia.com › ask › answersWhat Is Term Insurance? How Does It Work, and What Are the Types?

    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...

  5. groww.in › blog › difference-between-term-insurance-and-life-insuranceTerm Insurance vs Life Insurance - Understanding Differences -...

    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.

  6. www.forbes.com › advisor › inWhat Is Term Insurance? Meaning & How It Works - Forbes

    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.

  7. www.forbes.com › advisor › life-insuranceWhat Is Term Life Insurance? – Forbes Advisor

    4 days ago · 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...

  8. www.policygenius.com › life-insurance › term-life-insuranceHow Does Term Life Insurance Work? – Policygenius

    Mar 28, 2024 · A term life insurance policy is a contract that lasts for a set period of time (usually between 10 to 30 years) where the insurance company pays your beneficiaries a lump sum if you die while the policy is active. By.

  9. www.valuepenguin.com › life-insurance › what-is-term-life-insuranceWhat is Term Life Insurance? - ValuePenguin

    Jan 10, 2024 · Term life insurance is a policy that offers coverage for a specified number of years. If the insured person passes away within the time frame, their beneficiary receives the death benefit. Find Cheap Life Insurance Quotes in Your Area. Currently insured? Find Insurers. It's free, simple and secure. How does term life insurance work?

  10. clark.com › insurance › life-insuranceWhat Is Term Life Insurance? - Clark.com

    6 days ago · Term life insurance is an insurance policy that guarantees coverage for a period of time, usually from 10 to 30 years. The policyholder pays monthly premiums. And in the event of their death, the policy pays out a death benefit to the beneficiary.

  11. www.nerdwallet.com › article › insuranceTerm Life Insurance: What It Is and How It Works - NerdWallet

    Apr 5, 2024 · Term life insurance offers temporary coverage for a specific period of time, such as 10, 20 or 30 years. As long as you keep up with your premium payments, your insurer will pay a...