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Term insurance is a pure type of insurance contract in which the policyholder continues to pay the premium for the set term and the insurer pays the nominee the money insured under the policy if an unfortunate event occurs. Assume you survive the term insurance period and no longer have significant financial commitments. In that
Term insurance is a simple life insurance policy that covers risks for a fixed term or period of time, which is predetermined. Insurance provides financial security to the insured person’s beneficiaries through death benefit payments in case of the insured person’s untimely death within the policy term. This is the primary goal of a term
