Term life insurance covers you for a set period, such as 10, 20 or 30 years. If you die during that time, it pays a tax-free lump sum to the people you name. It costs less than permanent coverage, and the premium usually stays the same for the whole term.
What is term life insurance?
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More about term life insurance
A set amount of life insurance for a set period, at a lower cost than permanent coverage.
More questions about term life insurance
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