Term life insurance is a better option than whole life insurance policies due to affordability and specific coverage periods.
Term life insurance is a better option than whole life insurance policies due to its affordability and specific coverage period.
Unlike whole life insurance, which covers the insured individual for their entire life, term life insurance provides coverage for a specified term, usually 10, 20, or 30 years.
This type of insurance is ideal for individuals who want to ensure their loved ones' financial stability in the event of their death without committing to a lifelong policy.
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