An Introduction To Term Life Insurance
by Ken Barnes
As the name suggests, term life insurance is life insurance you buy for a certain term of time. As these policies don't have any cash value component, the premium amounts you pay is used only for keeping the policy
active. These premium amounts have to be paid only for the term of the policy, and when the term or policy terminates, you stop paying premiums as your coverage expires. Thus, term life is one of the cheaper life insurance plans available.
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