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LeoGlossary: Extended Term

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Published: 22 Sept 2022 › Updated: 22 Sept 2022LeoGlossary: Extended Term

LeoGlossary: Extended Term

How to get a Hive Account


A nonforfeiture option in a whole life policy that uses cash value to purchase term insurance equal to the existing amount of life insurance. This allows you to continue receiving coverage for a limited time without paying premiums.

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