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What are the main types of term life insurance available for purchase?

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1. 10/20/to age 65 term
2. Available types 1. Regular premium 2. Single premium 3. Return of premium (on maturity) There are so many type of products but one should only take pure regular premium term insurance. All other types are costly.
3. there are 2 types of term life insurance available in the market. 1. term plan without return of premium. in this, you pay a specified premium for a specified term against a high sum assured, if the person dies, he receives the sum assured, if he survives, he gets nothing. very cheap premium plan. 2. term plan with return of premium. in this, you pay a specified premium for a high risk cover for a specified term if the person dies, he receives the sum assured, if he survives, he gets whole of the premium + committed amount from the company. more expensive than 1st one.
4. There are several types of term life insurance available for purchase, including: 1. Level Term Life Insurance 2. Decreasing Term Life Insurance 3. Return Premium Term Life Insurance 4. Term Life Insurance No Exam 5. Renewable Term Life Insurance 6. Annual Renewable Term Life Insurance 7. Simplified Issue Term Life Insurance 8. Guaranteed Acceptance Term Life Insurance Term life insurance provides temporary life insurance for a specific period of time. Coverage is usually available for a period of 10, 15, 20, or 30 years. Term life insurance is pure protection, there is no cash value build up within the policy. If you outlive the term of your policy, the coverage expires. Renewable term life insurance allows you to renew your policy at the end of the term, without having to take a physical exam to qualify for a new policy. However, your rates for the renewal will increase based on your age at that time.
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