What Is Meant By Term Life Insurance?

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    Peggy MacePRO
    Most of the U.S.
    Term life insurance is life insurance that will end after a certain length of time. Some Term Life Insurance policies will automatically renew at the end of the term at a much higher price than before, and can then go up in price every year. With other Term policies, you must elect to pay the new, higher premium when the level period ends. Either way, the time of level premium ends at the end of the term.
    Answered on June 20, 2013
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