What is Life Insurance? | Term Insurance

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  • Опубліковано 7 лют 2025
  • Life insurance is a contract in which an insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. There are several types of life insurance, including term life insurance, whole life insurance, and universal life insurance. The primary purpose of life insurance is to provide financial protection for your loved ones in the event of your death. It can also be used to help pay for end-of-life expenses, such as funeral and burial costs.
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