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Life Insurance Questions

Life Insurance Questions

Welcome to the life insurance questions pages from the Financial Services Network. We have divided our answers up into the following subject areas:


What is life insurance?

Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Variants of life insurance include policies which pay out a monthly sum instead of a lump sum (family benefit), policies which pay out on survival as well as on death (whole life), and policies which also cover the policy holder for critical illness.

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