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Life insurance is a sort of insurance coverage policy that provides monetary security and peace of mind for you, your loved ones and dependants. It is based on the basic principle that must you die during the term of the life insurance coverage policy, the individual(s) named in the insurance coverage policy will receive a lump sum or series of payments for the insured quantity. If you have a mortgage and/or are the main revenue producer in the family members, a life insurance policy will make sure your family's future is secure as the payment can be configured to pay off all outstanding debts and supply a substantial revenue for the ones that you leave behind.

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