Life insurance is a financial product that pays a benefit to beneficiaries upon the policyholder’s death. It provides financial protection for loved ones, helping cover expenses like debts and living costs. There are two main types: term life insurance, which lasts for a set period, and whole life insurance, which offers lifelong coverage and may include a savings component.Description
Life insurance is a financial product that provides a payout to beneficiaries upon the death of the insured individual. It helps protect loved ones from financial hardship, covering expenses such as funeral costs, debts, and living expenses. There are two main types: term life insurance, which lasts for a specific period, and whole life insurance, which provides coverage for the insured’s entire life and often includes a savings component. Overall, life insurance offers peace of mind and financial security for families in times of loss.
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