What Is Life Insurance?
Life insurance represents an agreement, either lifelong or for a specified duration, between you and an insurance company. This agreement ensures that upon your passing, your chosen beneficiaries will receive a tax-free cash payout, known as the death benefit. The actual sum of this benefit hinges on your chosen coverage amount and the specific policy type you opt for.
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Why Get Life Insurance?
Life insurance is not just a financial product; it's a vital instrument offering solace and financial security when the unexpected strikes. It alleviates the weight of funeral expenses, looming debts, and the day-to-day costs, assuring the uninterrupted well-being of your dear ones.
In addition, life insurance showcases your responsible and caring nature, taking over the role of lost income, aiding in estate planning, and providing you with the opportunity to create a lasting financial legacy. Ultimately, it secures your family's future and upholds your legacy.
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