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Life insurance is a financial safety net that provides a lump sum payment to your beneficiaries upon your death. 1 This payment, known as a death benefit, can help cover final expenses, debts, and ongoing living costs for your loved ones. 2 It’s a crucial component of a comprehensive financial plan, offering peace of mind knowing that your family will be financially protected in the event of your passing.
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Life Insurance: Protecting Your Loved Ones
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Life insurance is a financial safety net that provides a lump sum payment to your beneficiaries upon your death. 1 This payment, known as a death benefit, can help cover final expenses, debts, and ongoing living costs for your loved ones. 2 It’s a crucial component of a comprehensive financial plan, offering peace of mind knowing that your family will be financially protected in the event of your passing.