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What is Term Life Insurance Policy
This is a type of life insurance policy designed to provide you with a life cover for a selected duration of time and guarantees the payment of a benefit if death of the life assured occurs during the specified term.Unlike Whole life insurance which covers individuals for the duration of their life, the policy holder in Term life insurance is covered for a specific term and once the term expires, the policy holder can terminate the policy, renew it for another term or convert it to a more permanent cover.
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Who is the Policy For?
Individuals seeking to protect their loved one’s financially in the event of unexpected death.