A covenant between the insurance company and the policyholder that offers financial coverage to the life of the policyholder. It simply means that the insurance company agrees to pay a designated amount to the nominee, in case of an unanticipated death of the primary insured. The insured must pay predefined premiums on a regular basis against the insured sum. Figure out which life insurance is suitable for you with affordable tips. Refer our articles for some interesting details on life insurance.
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