Life insurance is a significant way to ensure that the life of the insured is financially protected. This is a mode of extending monetary assistance to the family of the insured when he dies. This money may be used for the payment of the debt, mortgage and other similar in nature.

That being said, life insurance has the advantage to secure financial protection for the insured’s loved ones. Basically, when the head of the family dies the burden of facilitating his burial is being shouldered by the spouse and children that usually includes all the expenses relating thereto.

A life insurance agent is the person who knows about the various life insurance policies and explains them to potential clients. The agent is the person who sells you life insurance.

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Life Insurance chiefly is a risk management tool meant to offer financial protection to your dependents in the unfortunate event of your death. If you are adequately insured, your life insurance should enable your dependents (spouse, children, parents( to maintain their current life style and pursue the life goals-till such a time as they are in a position to set up an alternative income stream by themselves.

That's the basic purpose of life insurance.