The 10 year term life insurance policy is one of the simplest and most easily explained types of life insurance. This term life insurance policy has a guaranteed level death benefit as well as a guaranteed level premium that lasts for 10 years. With some insurance companies the insured is allowed to renew the policy for another 10 years at a higher premium. If you are looking for a high death benefit at a low premium for a fairly short period of time then the 10 year term life insurance policy is a good choice.
If you therefore have a need for a large amount of life insurance and you have limited funds the 10 year term life insurance policy may be ideal for you.
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