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Term Life Insurance
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Term Life Insurance is one of the two styles of Life
Insurance. It is a policy that ends at a specific time
period, when a Universal Life Insurance accumulates a cash
value and is permanent. Term Life Insurance is generally
less expensive than Universal Life Insurance because you
cannot borrow money from it and because it ends at a
predetermined age. Universal Life Insurance is more
expensive it builds cash value that you can borrow against
should you need to. However the general principle is that if
you took the money you would pay to a Universal Life
Insurance Policy and invested it, it would generally earn
you more than the cash value of the Universal Life Insurance
Policy.
If you are in the market for a Term Life Insurance
policy you should shop around but make sure you go with a
reputable, trustworthy company.
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