Term life insurance is a type of insurance policy that is limited to the life of the person for whom the policy was purchased.

Name: Term life insurance is a type of insurance policy that is limited to the life of the person for whom the policy was purchased.
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Term life insurance is a type of insurance policy that provides coverage for a specified period or "term," not limited to the life of the insured. If the insured dies during the term, a death benefit is paid to the beneficiaries.

Term Life Insurance Is a Type of Insurance Policy That