Protection against loss of income, which results in the death of the insured. The designated beneficiary receives the product, and thus protect them from the financial consequences of the death of the insured.

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The purpose of life insurance is to provide financial security for his family after his death. So, before you buy a life insurance policy, you should consider your financial situation and standard of living you want to keep dependents or survivors. For example, who will be responsible for the final funeral expenses and medical expenses. Did your family move. There will be enough money to cover future or ongoing expenses such as child care, mortgage payments and insurance premiums overall. It is wise to re-evaluate life insurance policy annually, or when a major life event occurs, such as marriage, divorce, birth or adoption of a child or buying a large item, such as a home or business.
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