How does buying a life insurance policy help me and my family?

Life insurance is a form fi financial protection that pays out a death benefit upon the death of the person insured by the life insurance.

So, in essence, it can help to replace the income your family loses if you were to pass away.

The proceeds paid out to your family (beneficiary) should you die, can be used for any purpose. That means, they could use your life insurance proceeds to pay for your burial and funeral, pay off the mort...
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