Term
life insurance provides death protection for
a stated time period, or term.
Term
life insurance is perhaps the simplest form
of life insurance. It was developed to provide
temporary life insurance protection on a
limited budget. Since term insurance can
be purchased in large amounts for a relatively
small initial premium, it is well suited
for short-range goals such as life insurance
coverage to pay off a loan, or providing
extra life insurance protection during the
child-raising years.
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