What is Life Insurance?
Posted: 10/12/2009
Life insurance is a type of insurance that will pay your pre-chosen beneficiaries in the event of your death. The life insurance company you have chosen is under contractual obligation to pay your beneficiaries a set amount if you die while the coverage is in place, but only as long as you continue to pay your monthly premiums. There are many different types of life insurance policies available now, but most will fall under one of these three basic categories: Whole life, Variable life, and Term life.
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