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What Is Life Insurance?
Life insurance is a financial protection plan that provides a payout to your beneficiaries in the event of your passing. It ensures your loved ones are financially secure, covering expenses such as debts, funeral costs, and future financial needs.
Types of Life Insurance
There are several types of life insurance policies designed to meet different financial needs:
Provides coverage for a specific period (e.g., 10, 20, or 30 years) with fixed premiums.
Offers lifelong coverage with a guaranteed payout and a cash value component.
A flexible policy with adjustable premiums and a savings component.
Designed to cover funeral and burial costs, easing the financial burden on loved ones.
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