What is term life insurance?


What is Term Life Insurance? Term life insurance is life insurance that
covers you for a specific amount of time. For example, you have a twenty-year term policy. Now over those twenty years, your premiums
remain exactly the same, and the coverage amount remains exactly the same. The nice thing is that the insurance company
cannot change this. Its what is called a unilateral policy. After the twenty-year period is over, yes
your policy expires and you no longer have life insurance. It’s important that you get coverage for a
long enough period of time, that when it does expire you no longer need life insurance. Life Insurance should be used for protection,
not an investment. So buy term and with the money, you save invest
the rest.

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