What is Term Life insurance?

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There are many different types of Life Insurance available to the consumers today. The most inexpensive of the different policies available is the term life insurance. The basic concept behind life insurance is that they named beneficiary of the policy, after the death of the insured gets a monetary benefit. The main times of policy available are variable life, whole life and term life insurance.  In a variable or a whole life policy a part of the premium goes into an investment fund whereas in a term life insurance no part of the premium is invested and the premium is paid for the insurance only. Read more… »