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The family is big part of your life. With happy family, we can make better life. No one is comfortable at the thought of his or her own death, but it's something that you have to plan for if you have loved ones who depend on you. But we can sad if their is death. If you were to die, would you be 100% certain your family's financial security would be preserved? Would your children be able to go to college? Could your spouse retire in comfort? The right life insurance policy can help you answer all of these questions confidently and with peace of mind. On our site, you can find the policy that's best for you by getting life insurance rates from some of the best insurers in the business.
Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There is a difference between the insured and the policy owner (policy holder), although the owner and the insured are often the same person. For example, if Joe buys a policy on his own life, he is both the owner and the insured. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.
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