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"year term life insurance policy" is a type of insurance that provides coverage for a specific period, usually one year. If the policyholder passes away during this time, their beneficiaries will receive a sum of money as a payout. However, if the policy expires and the person is still alive, they will need to renew the policy or find a new one to continue being insured.
Full definition
Synonyms for individual words can be found below.
«year»
«term»
«life»
«insurance»
«policy»
Sentences with «year term life insurance policy»
- A couple in their 30's can each purchase a 20 year term life insurance policy for $ 500,000 for less than $ 30 per month. (treesfullofmoney.com)
- For example - A person buys a 10 year term life insurance policy with $ 150,000 of protection. (term-life-online.com)
- Many of my clients choose to get a 10 or 20 - year term life insurance policy when they are in their 50s or older. (chooseterm.com)
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