Term life insurance premiums are paid only for a certain length of time,or "term' but the coverage lasts for the insured's entire life.

Name: Term life insurance premiums are paid only for a certain length of time,or "term' but the coverage lasts for the insured's entire life.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Term life insurance provides coverage only for a specific period of time, typically 10-30 years. Once the term is over, the coverage expires and the policyholder has to either renew it or purchase a new policy.

Term Life Insurance Premiums Are Paid Only for a Certain