Term Insurance

Term Insurance, also known as "Temporary Insurance", provides protection for a specific period of time. It pays a benefit only if you die during the term. Some term insurance policies can be renewed when you reach the end of the term, which can be from one to 30 years.

The premium rates increase at each renewal date. Many policies require that you present evidence of insurability at renewal to qualify for possibly lower rates. Mortgage Insurance is also a form of term insurance.

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