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    me -- the term. For example, based on your age, health and lifestyle you may pay $350 per year for a $300,000 benefit for
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    When people first think of life insurance, it's usually term life insurance that comes to mind. You pay a certain amount per year and if you die your beneficiary gets a certain amount of money. Is term your only choice -- and, more importantly -- is it the right choice for your situation?

    There are two basic types of life insurance: term life and permanent life. With term life insurance, you pay a set premium for a certain amount of coverage for a certain length of time -- the term. For example, based on your age, health and lifestyle you may pay $350 per year for a $300,000 benefit for

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    amount per year and if you die your beneficiary gets a certain amount of money. Is term your only choice -- and, more importantly -- is it the right choice for your situation?

    There are two basic types of life insurance: term life and permanent life. With term life insurance, you pay a set premium for a certain amount of coverage for a certain length of time -- the term. For example, based on your age, health and lifestyle you may pay $350 per year for a $300,000 benefit for

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    There are two basic types of life insurance: term life and permanent life. With term life insurance, you pay a set premium for a certain amount of coverage for a certain length of time -- the term. For example, based on your age, health and lifestyle you may pay $350 per year for a $300,000 benefit for

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    rmanent life. With term life insurance, you pay a set premium for a certain amount of coverage for a certain length of time -- the term. For example, based on your age, health and lifestyle you may pay $350 per year for a $300,000 benefit for
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    me -- the term. For example, based on your age, health and lifestyle you may pay $350 per year for a $300,000 benefit for 10 years. After 10 years, the term is over and you need to reapply for coverage. Different terms are available from one year to 30 years.

    There are different types of permanent insurance -- whole life, universal life, variable life -- but the idea is the same. You pay a premium for lifetime coverage -- not just a specific number of years. Additionally, your policy acts as a savings vehicle and can build cash value. This cash value is different than what the policy would pay

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