A 20 year term life insurance policy is something that may help ensure your beneficiaries may be provided for if something were to happen to you. No matter what your age or situation in life, a 20 year term life insurance policy may help protect your beneficiaries’ financial futures if you were to pass away.
Some of the expenses that a term life insurance policy may help pay for include: credit card statements, mortgage payments, health care expenses, school tuition and burial expenses.
A 20 year term life insurance policy is a type of term life insurance policy. Term life is one of the two main types of life insurance policies; whole life insurance is the other one. The way term life insurance works is that it provides coverage for a specific time period. A whole life insurance policy sounds just like its name – it helps give coverage for your whole life. Because term life insurance does not cover your entire life, just a specific time period, it will generally be less expensive than a whole life insurance policy.
If a 20 year term life insurance policy doesn’t work for you, there are other policy terms you might want to consider, such as 10 years and in some cases, even 30 years!
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