Term life insurance policy: Italian tax regime

Term life insurance (“TLI”) is a type of life insurance policy that has a specified end date, like 20 years from the start date. The death benefit will only be paid out if the insured dies during this time period. This is the amount of money that will be paid to the beneficiary when the insured passes away, and it can be issued in a variety of ways, such as a lump-sum payment or as annuities.

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