Life Insurance

Life insurance is a contract between an individual and an insurance company, in which the insurer guarantees payment of a designated sum of money to named beneficiaries upon the death of the insured. The purpose of life insurance is to provide financial support to the insured's beneficiaries in the event of the insured's death. This financial support can be used to cover expenses such as funeral costs, outstanding debts, and living expenses.

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Life Insurance options:

• Whole life

• Term life

• Children's Policy

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