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What Do You Know About Life Insurance? |
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Answer» Life insurance is an agreement between the POLICY holder and the INSURER. The insurer approves to compensate the incidence of the insured individual's DEATH or additional event like TERMINAL ILLNESS or critical illness. The insured agrees to fee the charge in terms of cover premium for the service. Life insurance is an agreement between the policy holder and the insurer. The insurer approves to compensate the incidence of the insured individual's death or additional event like terminal illness or critical illness. The insured agrees to fee the charge in terms of cover premium for the service. |
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