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Thayer Partners Blog

What Is Term Life Insurance?

[fa icon="calendar'] Jan 25, 2016 9:00:00 AM / by Chris Wilmerding posted in Term Life Insurance

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While researching life insurance policies, you probably came across the option of buying term life insurance, which is an affordable alternative to whole life or universal insurance. Comparing term to permanent insurance is often described as being similar to renting versus buying; you “rent” term insurance for a set period of time, while you “buy” permanent insurance and plan to hold it until death. Term life insurance is an ideal choice for the majority of Americans—it is well-suited to meet high, short-term coverage needs at a lower initial cost.

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