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lic life insurance policy status

Most companies will not sell a term insurance policy to an applicant if it extends beyond his or her 80th birthday, so you would have to settle for a shorter term. A 20 year term is the most popular life span offered by term life. It pays only if death occurs during the policy term.

Term Life Insurance Keeps it Simple Term insurance is known as the simplest form of life insurance and the easiest one to understand. Term life is the most inexpensive way to purchase a policy. How It Works There are many types of level term insurances offered.

The premium policy is based on the person's age and health at the time the policy starts and the premium will remain the same for the length of the term. A disadvantage of term insurance. Term Insurance is insurance that provides a policy at a fixed rate of payments... http://insure.ucoz.com/news/lic_life_insurance_policy_status/2013-05-31-2760