Financial Information
what is a 30 year guaranteed term life insurance?
Question : what is a 30 year guaranteed term life insurance?
what is difference between 10 year, 20 year or 30 year
guaranteed life insurance
Best answer:
Answer by jlf
It’s the TERM of the insurance policy. That’s where the name comes from. You can keep a 20-year policy in effect for 20 years as long as you pay the premiums.
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#2 written by buckaf8 1 year ago
The term of the insurance is 30 years if you have 30 year term. You pay your premiums for 30 years, and if you die within that term, your beneficiary gets paid. If you outlive that term, the company says “thanks for doing business with us, would you like to do it again?”, you will then have to pay premiums based on your age (30 years older will be A LOT more expensive). Basically, when you BUY term insurance, you’re betting on yourself to die, the company is betting that you will live. When you SET ASIDE money for cash value life insurance (i.e. Whole Life) it is a WHEN you die situation, and we all know what is eventually going to happen…
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#3 written by StephenWeinstein 1 year ago
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lifeinsurance.awardspace.info – try this one. I have their insurance and, as remember, they can provide such a service.