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What do the words “term”, “decreasing” or “declining term”, and “whole life” mean with respect to...

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Finance

What do the words “term”, “decreasing” or “declining term”, and“whole life” mean with respect to life insurance?

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TERM INSURANCE Term insurance is a type of life insurance policy which provides insurance cover for a specified period of time usually called as specified term of years In term insurance the    See Answer
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What do the words “term”, “decreasing” or “declining term”, and“whole life” mean with respect to life insurance?

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