In my first content post, I want to provide you with the most important topic; what is life insurance?
What Is Life Insurance?
Life insurance is defined in the websters dictionary online as "insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured."
It basically means that the life insurance will last only a specified period of time, after which the insurance will cease. If the insured were to die, or fulfill any other requirements (such as a critical illness in a critical illness policy) then the full insurance sum would be paid out.
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