"Year term life insurance" refers to a type of life insurance policy that provides coverage for a specific duration of one year. This means that if the insured person passes away within that year, their chosen beneficiaries will receive a lump sum payment. However, once the year is over, the policy must be renewed if the individual wishes to continue the coverage.
Full definition
So YES, 20
year term life insurance cost is a bit more than 10 or 15 year term, but it provides more comprehensive coverage if you have a young family.
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A person in their thirties who is in good health can expect to get 30
year term life insurance of $ 500,000 of coverage for less than $ 50 per month.
I recently purchased a 30
year term life insurance product from Protective and am certainly glad that I chose a solid company with a great reputation and an easy application process.
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