The insurance company assumes the financial risk of covering these events in exchange for the premiums paid by the policyholder. There are many different types of insurance,

Term Insurance

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Term Insurance

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid. Three types of Term Insurance:Individual, Key Man Insurance, Group Term Insurance.

Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a...

Insurance is a financial arrangement that provides protection against financial loss or risk. In simple terms, it’s a contract (called a policy) between you (the policyholder) and an insurance company, where you pay a certain amount of money (called a premium) in exc