If you are considering the purchase of life insurance you may be wondering what life insurance coverage actually means.

Life insurance is a contract between the insurance company and the owner of the life insurance policy.


The owner agrees to pay a certain amount of money to the insurer on a regular basis, and in return for the premium payments, the insurer agrees to pay out a death benefit to the beneficiary of the life insurance policy upon the death of the insured person, subject to the term...
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