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20 Year Term Life Insurance
About 20 Year Term Life Insurance
A 20 year term life insurance policy is basically a term life insurance policy that has a term set for 20 years. Here is exactly what that means to you as you look at a 20 year term life insurance policy.
First: What is Term Life Insurance?
A term life insurance policy is one which is set up for a specific period of time (the "term"). You pay a set premium for that time frame and, if you pass away during this term, the life insurance company will pay your beneficiaries the amount of your term life policy.
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Who Can Get a 20 Year term Life Insurance Policy?
Generally, a 20 year term life insurance policy is available to people between the ages of 18 and 49. However, if you're already covered by a 20 term life insurance policy, it may be renewable. You will just need to contact your insurance company prior to the expiration date in order to see if it can be renewed.
What Will a 20 Year Term Life Insurance Policy Cost?
The premium cost of your 20 year term life insurance policy is variable, depending on the company you choose and your health. The best way to find a cheap 20 year term life policy is to us the quote tool on this page or to call one of our independent life insurance counselors today.
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