Life Expectancy Term Insurance

Definition of "Life expectancy term insurance"

Kimberly Walsh
  Keller Williams Realty

Type of term life insurance policy that has a face amount that increases to a predetermined sum and then decreases to zero at the termination point of the policy, while at the same time generating a cash value. The number of years that the term policy will be in force is determined by the average life expectancy for the age and sex classification in which the prospective insured falls.

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