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Life insurance is effective

Updated: 8/19/2019
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13y ago

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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.

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