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What Does Term Life Insurance Cover. Term life insurance offers coverage for a distinct period of time. Your term life insurance length is determined by the policy term you’ve purchased.
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You can choose the length of time you want, whether it be 1 year or 50 years. Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. Your term life insurance length is determined by the policy term you’ve purchased.
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Term life policies guarantee payment to the beneficiaries chosen by the insured person if that person dies within a specified period of time or term. Term life insurance is the most common life insurance policy and lasts for a fixed amount of years. Life auto home health business renter disability commercial auto long term care annuity. Paid policy benefits may be used for any purpose.