Term Life
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Ideal for individuals who need coverage for a specific time period, such as until retirement or until children are financially independent. It’s a popular choice among young families, homeowners with mortgages, and those with temporary financial obligations.
Pros | Cons |
---|---|
Affordable Premiums | Temporary Coverage |
Simple and Straightforward | No Cash Value |
Flexible Conversion Options | Higher Renewal Costs |
High Coverage Amounts | No Investment Features |
Fixed Premiums | Potential to Outlive Policy |
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