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Decreasing Term Life Insurance Quotes
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Term insurance comes in several forms. They can be dealt with very quickly. There is renewable and non-renewable. Non-renewable means that when the policy expires you must re-qualify usually by taking another physical and filling out another health questionnaire. On the other hand, with renewable term, you automatically re-qualify to continue your policy. Needless to say, I don't recommend that anyone ever purchase non-renewable term. There is also convertible and non-convertible term insurance. Convertible term means that the insured can convert his term policy to a permanent policy such as whole life, universal life, or variable life. Non-convertible term means that you can't convert the policy to another form of life insurance. Needless to say, I recommend that you always purchase convertible term.
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