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What is term life insurance?


Asked By: Anaisha Khosla



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Poet, Self-made Dietician, Writer, Logo Designer Operational Excellence Key Performance Indicators Industry Trends Minneapolis United States


Key Takeaways · Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during. Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. Term insurance is a life insurance product, which offers financial coverage to the policyholder for a specific time period. In life insurance term policies you get tax benefit on the premiums paid and tax-free payment to your beneficiary in case of death.

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