There’s barely anyone out there who hasn’t heard of the term life insurance. These days, many insurance providers have started offering what the market describes as zero-cost term insurance. Policy buyers are now given the choice to cancel the policy early and possibly receive their premiums back. Additionally, there will be no extra fees or premium differences as a result of this convenience. But keep in mind that nothing comes for free, and there are strict requirements for the early exit reward as well.
So, what exactly is zero-cost term insurance?
Let’s look at this new term insurance variant plan to get a better idea of what it is and the advantages it offers. But first, let’s start from the basics.
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