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Why is term life insurance usually the least expensive type of life insurance?

User Oranutachi
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1 Answer

3 votes

Answer:

1. it's temporary. insures the individual for a limited number of years

2. has no cash value

a. other life insurances can be sold or

b. the money paid in can be given back if person doesn't want the life insurance anymore

3. it is only a death benefit

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User Stafox
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