Types of Life Insurance
1) Term Life Insurance: Continued ....
It is the most familiar and reasonable coverage as it pays merely a death benefit and has no cash value. It offers a particular amount of life insurance coverage for a chosen time period. At present, the accessible strategy lengths for Term Life insurance are 1,5,10,and 15 years. If the insured person dies within the time frame in which the strategy is in effect, the insurance company pays out the face value of the policy. If the insured person lives longer than the...
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