What Is Term Life Insurance

April 18th, 2008

You can choose the Term Life Insurance that suits you best, so you yourself determine the amount that is paid out. You can choose to have an insured sum that remains the same over the whole term, or you can have an insured sum that decreases during that period. The latter is suitable if the financial consequences of your death are steadily reduced over time, e.g. in the case of an outstanding debt that is being gradually paid off

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