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Life Insurance

Life insurance is a financial product that provides financial protection to individuals and their families in the event of unexpected or untimely death.

It works by paying out a lump sum of money to the designated beneficiaries, who are typically family members or dependents, upon the insured person's death. This money can be used to cover funeral expenses, pay off debts, provide income replacement, or support the family's financial needs.

Life insurance policies come in various types, such as term life insurance, whole life insurance, and universal life insurance, each with its own features and benefits. It is important for individuals to carefully consider their financial situation and the needs of their loved ones when choosing a life insurance policy, as it can provide financial security and peace of mind for the future.