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What Are Some Drawbacks of Term Life Insurance

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What are some drawbacks of term life insurance?


Definitions:

10 ½% Bond

A bond that pays an annual interest rate of ten and a half percent of its face value.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date.

8 ½% Bond

A bond that pays an annual interest rate of 8.5% on its face value.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, typically used for bonds.

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