Temporary life insurance isn't life insurance guaranteed to last your entire lifetime, but rather coverage that lasts for a specified period of time, usually up to 30 years.
Temporary life is also known as term life insurance.
The "Term" of your policy is the duration of coverage.
Usually, term life plans offer coverage for a period of 10, 15, 20, 25 or 30 years.
The longer your Policy Term, the higher your rate per $1,000 of life insurance coverage.
Temporary life insurance usually costs 5-10 times than permanent life insurance.
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