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Life Insurance is a financial contract that offers peace of mind and financial security to individuals and their loved ones. In the event of the policyholder’s passing, a life insurance policy provides a tax-free lump sum payment, known as the death benefit, to the designated beneficiaries. This financial safety net can be used to cover funeral expenses, replace lost income, pay off debts, fund education, or meet other financial needs. Life insurance serves as a thoughtful and responsible way to protect one’s family and legacy, ensuring they are financially supported even after the policyholder’s lifetime.
Life Insurance is a financial contract that offers peace of mind and financial security to individuals and their loved ones. In the event of the policyholder’s passing, a life insurance policy provides a tax-free lump sum payment, known as the death benefit, to the designated beneficiaries. This financial safety net can be used to cover funeral expenses, replace lost income, pay off debts, fund education, or meet other financial needs. Life insurance serves as a thoughtful and responsible way to protect one’s family and legacy, ensuring they are financially supported even after the policyholder’s lifetime.
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