Term Life Insurance Companies For Seniors – Term life insurance, also known as pure life insurance, is a type of death benefit that pays the policyholder’s heirs for a specified period of time. When the term expires, the executor can renew it for another term, convert the policy to permanent insurance, or allow the term life insurance to lapse. Term Life Insurance Companies For Seniors When you buy term life insurance, the insurance company determines the premium based on the policy value (payment amount) and your age, gender, and health. Guide To Buying Life Insurance For Parents In some cases, …
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