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Term Life Insurance
What is Term Life Insurance?
Term life insurance is a type of life insurance that provides coverage for a specified term or period, typically ranging from 10 to 30 years. If the insured person dies during the term, the death benefit is paid out to the beneficiaries tax-free. Term life insurance is known for its simplicity and affordability compared to other types of life insurance, such as whole life or universal life insurance.
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