GYL DictionaryGYL
Banking

Term Life Insurance

In plain English

Affordable insurance that pays out if you die during a set period (the "term"). No frills, just protection.

The analogy

It's a fire extinguisher, not an investment. Cheap, simple, and there if the worst happens.

Why it matters to you

If people depend on your income, this is the affordable way to make sure they’re protected if you’re gone.

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