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Term life insurance is the original, and most popular, version of life insurance. As its name indicates, term life insurance provides coverage at a fixed rate for a limited period of time – 5, 10, or 20 year intervals being the most common. This type of coverage is the easiest to obtain and the most affordable life insurance policy on the market today. It is a popular policy because it can secure large amounts of coverage for relatively low premiums.
Some of the major reasons individuals take out term life insurance policies are as follow:
To learn more about the available term life insurance plans in Massachusetts, contact the agents at Loughlin Financial Group today.
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