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Life insurance provides financial protection by paying a sum of money to the named beneficiary in the event of the insured person’s premature death. This payout helps safeguard loved ones from financial hardship caused by the loss. Depending on the policy, benefits may be paid either upon the insured’s death or after a specified period, offering peace of mind and financial security for the future.
Life insurance provides financial protection and peace of mind to loved ones after the death of the policyholder. It helps cover expenses such as funeral costs, debts, living expenses, or future financial goals like education or retirement for dependents.
