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10 Year Term Insurance

What is 10 year term insurance?

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 policy is a good choice.

If you therefore have a need for a large amount of insurance and you have limited funds the 10 year term life insurance policy may be ideal for you.

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