WebLife Paid-Up at 95 Guaranteed Death Benefit: The face amount of the policy will be paid to the beneficiary tax-free upon the death of the insured assuming no outstanding loans … WebTerm Life Insurance – Life insurance coverage that is purchased for a specified number of years, which may be up to age 95 in annual renewable term policies or up to 20 or more years in level-premium term policies. The main benefit in term life insurance is the death benefit protection at an inexpensive initial premium.

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