What are the benefits of Term Insurance?

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Term insurance offers many benefits, including providing financial security for loved ones in the event of the policyholder's untimely death. It is a cost-effective option, with lower premiums compared to permanent life insurance policies. Term insurance also offers flexibility, allowing policyholders to choose the duration of coverage that best suits their needs. Additionally, term insurance can help cover outstanding debts, provide income replacement, and fund education or retirement savings for beneficiaries.