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Life Settlement
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DEFINITION OF TERM LIFE INSURANCE


Term life insurance is "temporary" coverage usually offered in level periods of 5, 10, 15, 20, 25, and 30 years. Term life insurance is designed to cover specific risks for a specific time period, and may have many variations in structure, such as increasing, decreasing, and level. See: Increasing Term Policy, Decreasing Term Policy, Level Term Policy

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