What Does Deposit Term Life insurance Mean?

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What does Deposit Term Life insurance mean? Read on to discover the definition & meaning of the term Deposit Term Life insurance - to help you better understand the language used in insurance policies.

Deposit Term Life insurance

Deposit Term Life insurance

Deposit term life insurance is life insurance that requires a deposit in addition to the premiums paid. This deposit is made over the course of the policy period. Once the policy period expires, the deposit and the interest that has accumulated on it can be used to pay for another policy period or to even get an ordinary life insurance policy.

We hope the you have a better understanding of the meaning of Deposit Term Life insurance.

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