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Term life insurance is also known as pure life insurance because it works like the full-fledged life insurance and is usually considered as the protective scheme that offers the stated death if the covered individual dies during the specified term after the termination of the term life insurance, the policyholder is further allowed to renew the ended policy for the next period

Policy Bazaar Term Insurance assures the payment of the mentioned death benefit to the insured's beneficiaries if the insured person dies during the specified period. Moreover, it is the policy that guarantees that if the person has passed away during the prescribed period then it offers financial assistance to his family.