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What are the Different Types of Term Life Insurance?

April 26, 2017different term life insurance types

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What are the Different Types of Term Life Insurance?

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The three main types of term life insurance are easy to identify and understand: a level term life policy features fixed premiums for a set number of years, an annual renewable term life policy renews each year with increases in premium due to age, and decreasing term life policies that feature decreasing death benefits as the insured grows older.