Life Insurance

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Have you ever been offered individual or a company to buy a life insurance? What exactly is life insurance? So what are the objectives?

Life insurance is a promise from the insurance company told its customers that if the customer runs the risk of death in life, then the insurance company will provide a certain amount of compensation to the heirs of the client. By taking life insurance, it is expected that the party that you leave no difficulty in paying the cost of his life.

The goal took the life insurance is to cover the potential loss of revenue. If I as a breadwinner dies, the family that I leave behind will lose a source of income.

If I follow the life insurance program, then the family I leave behind will get a sum assured that can be used as a substitute for the lost revenue, at least temporarily.

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Title Post: Life Insurance
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Author: Borneo08

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