Term life Insurance

There are two main types of life insurance; Term and Permanent.

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Life insurance is designed to pay upon the death of an insured person.

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Term Life provides coverage for a set period of time.

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The period (aka 'term') of the coverage can be either a fixed number of years (e.g. common terms are 5-years, 10-years, 20-years) or to a specific age (e.g. to age 65).