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Term Life Insurance
Term life insurance is initially the least expensive type of coverage and simplest way to go.
Term life insurance doesn’t build up any cash value It pays your beneficiary a fixed amount of money if you die during the term of the policy.
Coverage is only for a fixed term or period of time, which is usually between one to 30 years.
The policy can usually be renewed. Remember that the premiums are lowest when you are young and increase upon renewal as you get older. Check your policy for age or other renewal restrictions so there won’t be any surprises.
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