***
A policy with a term limit on the coverage period. Once the policy has expired,
is the owner of the police to decide to renew the life insurance contract or
leave the final cover. This type of insurance policy contrasts with permanent
life insurance, which prolongs until the policyholder reaches 100 years of age
(ie death).
*** These policies provide a benefit shown on the death of the insured, provided death occurs within a specific timeframe. However, the policy does not provide benefits beyond the stated benefit, unlike permanent life insurance with a savings component that can be used for the accumulation of wealth.
*** These policies provide a benefit shown on the death of the insured, provided death occurs within a specific timeframe. However, the policy does not provide benefits beyond the stated benefit, unlike permanent life insurance with a savings component that can be used for the accumulation of wealth.
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