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12 December, 03:16

What is life insurance?

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  1. 12 December, 03:37
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    Life insurance or life assurance is a contract between an insurance policy holder and an insurer or assurer (insurance company). The insurance company agrees to pay the beneficiary a sum of money in exchange for a premium, upon the death of the insured person. The insured person may be the policy holder himself or a third person other than the beneficiary.
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