Ace Arkansas Life & Health Insurance 2025 – Secure Your Success!

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What is a common feature of term life insurance?

Builds cash value

Term life insurance is known for providing coverage for a specific period, typically ranging from 1 to 30 years. Unlike whole life insurance, term life insurance does not build cash value or have an investment component. The premium for term life insurance is based on factors such as the insured's age, health, and coverage amount, and it is usually lower compared to permanent life insurance policies. Therefore, the common feature of term life insurance is that it provides coverage for a specific period of time without accumulating cash value or having an investment component.

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Provides coverage for a specific period

Premium remains constant until maturity

Has investment component

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