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Term life insurance is a type of life insurance that offers security for those close to you.
Term life insurance insures your life. The sum insured and also the profit will be paid out only in the case of the death of the insured person.
You can enter into a term life insurance contract even for a short period of time, e.g. for 1 year. If you have signed it for a longer period of time, then during the first ten insured years you can change the term life insurance contract into an endowment insurance contract without having to check your state of health again.
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