What is Life Insurance?Life insurance pays out a sum of money either on the death of the insured person or after a set period of time.
Common Types of Life InsuranceTerm Life Insurance
“The above description provides an overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. Other terms, conditions and exclusions may apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.”
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