Life Insurance

Life insurance is a type of insurance that provides financial protection to the insured person's family or dependents in the event of their death. It acts as a safety net for loved ones, ensuring that they are financially secure even after the policyholder's passing. The policyholder pays regular premiums to the insurance company, and in return, the insurer promises to pay a lump sum amount, known as the death benefit, to the designated beneficiaries upon the insured person's death. This money can be used by the beneficiaries to cover funeral expenses, pay off debts, replace lost income, or meet any other financial obligations. Life insurance provides peace of mind, knowing that loved ones will be taken care of financially in a difficult time.

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