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a life insurance for a specified duration limit, or time. You purchase a specific

amount of coverage for a specific time period by signing a contract.

Term life insurance is fundamentally a no frills kind of life insurance. It is a life insurance for a specified duration limit, or time. You get a specific quantity of coverage for a specific time period by signing a contract. You spend for that coverage period and at the finish of the term the policy expires. For example, the term may well be until retirement, or till children are grown, or until college is paid for.

Term life insurance is the least high-priced available insurance policy and allows you to devote a lot much less and use the extra cash in a greater investment.

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