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| What is Insurance Term?
Insurance Term is similar to a life insurance, the only difference is that it's set for a predefined time something in the range of 10-30 years. If the customer happens to pass away in that period then the family will receive the whole compensation.
For example you apply for a life insurance which covers 10 years. Now this usually has benefits which out ways the full lifetime insurance. This type of insurance is cheaper then the regular one which covers your whole lifetime. Also there's an option which you can use to change your term to whole lifetime, whit out counting your health state. | | | | |
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