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Every thing you need to know about life insurance

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What is Life insurance ? Life insurance (or  insurance ,  particularly   within the  Commonwealth of Nations)  could be a  contract between  a policyholder   an d a  nondepository financial institution  or assurer,  wherever  the  nondepository financial institution guarantees  to pay  a delegated  beneficiary a  total   of cash  (the benefit) in exchange for a premium, upon the death of  an   insured  (often the policyholder).  looking on  the contract,  different  events  like  terminal  illness  or  important illness   may  trigger payment. The  customer   usually  pays a premium, either  frequently  or  as one   payment .  other expenses ,  like   ceremony  expenses,  may  be  enclosed   within the   edges . Life policies  are  legal contracts  and also the  terms of the contract describe  the constraints  of the insured events. Specific exclusions  are   typically  written into the contract to limit the liability of the insurer; common examples  are claims   with