Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.4<br />
Life Insurance<br />
term insurance<br />
insurance that<br />
provides<br />
protection against<br />
loss of life for only<br />
a specified term,<br />
or a period of time<br />
Term Insurance<br />
A term insurance policy pays a benefit only if<br />
you die during the period it covers. Term<br />
insurance comes in many different forms:<br />
• Renewable term<br />
• Multiyear level term<br />
• Conversion term<br />
• Decreasing term<br />
Term insurance is often the best value for most<br />
consumers.<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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