If you outlive your term life insurance policy, you will no longer have life insurance coverage. This means that if you die after your policy expires, your beneficiaries will not receive any death benefit from the insurer. While this may seem like a worst-case scenario, it is important to remember that term life insurance is designed to provide protection for a specific period of time – typically 10, 20 or 30 years. If you do not die during the term of your policy, then the coverage simply expires and there…
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