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    d the beneficiary (person or persons who will receive the policy proceeds upon the death of the ins
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    What is Life Term Insurance? How does it work?

    It is kind of insurance in which the the insured transfers a risk to the insurer, receiving a policy and paying a premium in exchange. The risk assumed by the insurer is the risk of death of the insured.

    There are generally three parties in a life insurance transaction: the insurer, the insured or the owner of the policy (policyholder) and the beneficiary (person or persons who will receive the policy proceeds upon the death of the insu

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    ed transfers a risk to the insurer, receiving a policy and paying a premium in exchange. The risk assumed by the insurer is the risk of death of the insured.

    There are generally three parties in a life insurance transaction: the insurer, the insured or the owner of the policy (policyholder) and the beneficiary (person or persons who will receive the policy proceeds upon the death of the ins

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    sumed by the insurer is the risk of death of the insured.

    There are generally three parties in a life insurance transaction: the insurer, the insured or the owner of the policy (policyholder) and the beneficiary (person or persons who will receive the policy proceeds upon the death of the ins

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    a life insurance transaction: the insurer, the insured or the owner of the policy (policyholder) and the beneficiary (person or persons who will receive the policy proceeds upon the death of the ins
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    d the beneficiary (person or persons who will receive the policy proceeds upon the death of the insured).

    The life insurance policy is a legal contract specifying the terms and conditions of the risk assumed. It may be nullified in cases like if the insured commits suicide within a specified time for the policy date; any misrepresentation by the owner or insured on the application; if the insured dies within a period of say 2 years, the insurer can file a claim or request for additional i

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