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Life
Insurance Guide - Ensure your Life
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Life
insurance is a type of insurance that pays a sum of money
to the beneficiary of the insured person only if the premiums
of insured are in progress. It works like all other insurance
policies. In life insurance insured person ensures his life
by paying a small amount of premium.
Actually life
insurance is an agreement between insured and insurance
company. Insurance company agrees to pay a certain amount
of money to insured's beneficiary in case of death of insured.
Beneficiary may claim for the policy only if the premiums
of the insured are current.
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