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Term Insurance শব্দের বাংলা অর্থ: মেয়াদ বীমা
Term Insurance Meaning In Bengali মেয়াদ বীমা
Term Insurance
Definition
1) Term insurance is a type of life insurance that provides coverage for a specified period of time.
2) It offers a death benefit to the beneficiaries if the insured person passes away during the term of the policy.
3) Term insurance does not build cash value and is typically more affordable than whole life insurance.
Examples
Term Insurance Example in a sentence
1) Term insurance provides coverage for a specified period of time.
2) Many young adults opt for term insurance to protect their loved ones financially.
3) The monthly premium for term insurance is typically lower than for permanent insurance.
4) Term insurance can be a cost-effective way to gain life insurance coverage.
5) Some term insurance policies offer the option to convert to a permanent policy later on.
6) Individuals often choose term insurance to cover specific financial obligations, such as a mortgage.
7) Term insurance policies do not have a cash value component like permanent policies.
8) Insurers may offer different term lengths for term insurance, such as 10, 20, or 30 years.
9) Term insurance is commonly used to provide a death benefit to beneficiaries upon the policyholder's passing.
10) Researching various term insurance providers can help individuals find a policy that fits their needs and budget.
Part of Speech
Term Insurance (Noun)
Synonyms
Encyclopedia
Term insurance is a type of life insurance that provides coverage for a specified period of time.
It offers a death benefit to the beneficiaries if the insured person passes away during the term of the policy.
Term insurance does not build cash value and is typically more affordable than whole life insurance.
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