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Essential Life Insurance Concepts

Life insurance is a contract where you pay regular premiums so that, if you die, your beneficiaries receive a tax-free lump sum to cover debts, living costs, or final expenses

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Essential Life Insurance Concepts

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  1. Essential Life Insurance Concepts

  2. What Is Life Insurance?  It’s a contract where you pay premiums.  The company pays your loved ones a lump sum if you die.

  3. Why Do You Need It?  To protect your family financially when you’re gone.  It helps cover bills like home loans, school fees, and funeral costs.

  4. Two Main Types  Term: covers you for a set time (e.g., 10–30 years), cheaper  Permanent: covers you for life and builds cash value.

  5. Extra Benefits  Permanent insurance grows a cash value over time.  You can borrow or withdraw against that value later.

  6. How to Choose  Figure out what your family needs and your budget.  Compare policies, and revisit your plan after life changes.

  7. Thank You  Website : https://www.sdmclasses.com/  Contact No : 996685119  Email : digitalmarketingk90@gmail.com

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