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$250,000 Term Life Insurance   Term life insurance is considered the most economical type of life insurance coverage.  A person purchases a policy and enters into a contact with the insurance company to insure him or her for a specific period of time and the premiums remain the same for the contract. When the coverage reaches the end of the term, the policyholder can enter into a new contract with the insurance company or allow the policy to lapse.  Many policies will automatically renew with an large increase in policy premiums but you remain covered.   However, the older a person […]