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Term Series Adds 40-Year Plan

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A life insurer has expanded its level term life insurance portfolio to include 25- and 40-year term policies.

Amica Life Insurance Company, Lincoln, R.I., says the new offerings will increase flexibility in options for families.

Traditional term life offerings have been for 10-, 15-, 20- and 30-year periods, and few insurers now offer a 40-year term, Amica Life says.