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Life insurance is designed to pay out a death benefit to your beneficiaries if you pass away. If you keep your policy in force by making on-time premium payments, your beneficiaries will receive a ...
A traditional life insurance policy is designed to cover the life of an insured individual, providing financial support to beneficiaries upon the insured’s death. Understanding what life ...
Accidental death benefit: Unlike traditional life insurance, accidental death policies only pay out if the insured dies in an accident. These policies typically exclude deaths caused by illness or ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
Vital records are records of life events kept under governmental authority, including birth certificates, marriage licenses (or marriage certificates), separation agreements, divorce certificates or divorce party and death certificates. In some jurisdictions, vital records may also include records of civil unions or domestic partnerships.
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