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Is there an advantage to submitting a premium payment with my term life insurance application?

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Is there an advantage to submitting a premium payment with my term life insurance application?

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Yes – there is a definite advance to submitting money with your term life insurance application. Many people don’t realize that your term life insurance policy will not be effective until the first premium has been paid. It’s unfortunate, but we have seen many untimely deaths happen when people were in the midst of the term life insurance application process. Most companies will provide some temporary conditional term life insurance coverage during the application process if certain conditions are met and the first premium is paid. A full refund during the application process is always your choice. Since there is absolutely no risk to you by doing this when the life insurance company allows, making that first payment with your term life insurance application will get your loved ones protected sooner. Get started today by getting your free term life insurance quote online.

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