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Term Insurance
Term insurance provides life cover for a fixed period without an investment component.
A parent with a home loan may use term cover so the family is protected if income stops.
Pure protection insurance became important as financial planners separated insurance from investing.
Definition
Term insurance provides life cover for a fixed period without an investment component.
Case Study
A parent with a home loan may use term cover so the family is protected if income stops.
Historical Reference
Pure protection insurance became important as financial planners separated insurance from investing.
Illustration
