Term life insurance

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Term life insurance

A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.

Term Life Insurance

A life insurance policy that provides coverage only for a certain period of time. A term life insurance policy provides a benefit upon the death of the policyholder, but ceases to provide this benefit if he/she is still alive when the policy expires. Upon expiration, the policyholder may decide to renew the policy or let it lapse. If the policy lapses, the policyholder is not reimbursed for the premiums paid over the life of the policy. A term life insurance policy does not include some of the other benefits of a whole life policy, such as a savings component.
References in periodicals archive ?
Permanent life insurance, term life or a convertible term policy can be important for pension replacement or Social Security replacement down the road if your clients still have a need for coverage beyond retirement.
With a strong financial foundation and solid ratings, Security- Connecticut is able to offer an outstanding insurance portfolio, including universal life insurance, term insurance and the industry- leading Second-to-Die universal life product, Survivorship Estate Design.
When viewed in this context, whole life insurance, term insurance, and savings are shown likely to coexist in an optimal consumption-investment plan rather than act as substitutes for each other.
1 Insurance sales represent annualized first-year premium on participating whole life insurance, term life insurance, universal life insurance, long-term care insurance, and other health insurance products.
If you don't have life insurance, term insurance is an easy and inexpensive way to get started.
ALLIED Life Financial Corporation is a holding company that, through its principal subsidiary ALLIED Life Insurance Company, underwrites, markets, and distributes a portfolio of universal life insurance, term life insurance, and annuity products to individuals who live principally in rural and suburban areas of the midwestern and western United States.
Jimenez joins Brookstreet Securities with 15 years of brokerage experience and specializes in life insurance, term, property and casualty, annuities, CDs and health insurance.
ALLIED Life Financial Corporation is a holding company that, through its principal subsidiary, ALLIED Life Insurance Company, underwrites, markets, and distributes universal life insurance, term life insurance, and annuity products mainly to individuals who live in rural and suburban areas of the midwestern and western United States.
ALLIED Life Financial Corporation is a holding company that, through its principal subsidiary ALLIED Life Insurance Company, underwrites, markets, and distributes universal life insurance, term life insurance, and annuity products mainly to individuals who live in rural and suburban areas of the midwestern and western United States.
ALLIED Life Financial Corporation is a holding company that, through its principal subsidiary, ALLIED Life Insurance Company, underwrites, markets and distributes universal life insurance, term life insurance, and annuity products mainly to individuals who live in rural and suburban areas of the midwestern and western United States.
ALLIED Life Financial Corporation is a holding company that, through its principal subsidiary, ALLIED Life Insurance Company, underwriters, markets, and distributes universal life insurance, term life insurance, and annuity products mainly to individuals who live in rural and suburban areas of the midwestern and western United States.

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