ABOUT TERM LIFE INSURANCE
Term life insurance, also called temporary insurance, covers a person against death for a limited time, the term.
For example, the term might be until children are grown, or until college is paid for, or until retirement.
You pay for the policy period and at the end of the term, the contract or policy expires.
If no claims are made against the policy during the term, you don't receive any benefits after the policy expires, just like auto or homeowners insurance.
TERM LIFE INSURANCE DEFINITION
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