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Home/Glossary/Term Insurance

Protection

Term Insurance

A pure life insurance product that provides coverage for a specific period (term), paying a death benefit to beneficiaries.

In More Detail

Term insurance has no investment component. It is the most cost-efficient way to replace income and secure your family's future.

Related Terms

Health Insurance

Insurance coverage that pays for medical, surgical, and sometimes dental expenses incurred by the insured.

Human Life Value

A financial metric representing the present value of all future income a person is expected to earn.

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