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Life insurance is a contract between an insurance company and a policyholder where the insurer agrees to pay a lump sum of money if the insured person dies during a covered period in exchange for premium payments. If you have people who depend on you financially, you probably need life insurance.
In this article, we’ll cover the types of life insurance policies, the benefits of life insurance and how to get coverage. But first, to understand how life insurance works, you need to understand a few key terms.
