How do Life Insurance works?
Life Insurance can provide life-long protection for you and your dependents and/ or provide a lump sum cash payout. Depending on your financial goals and objectives, life insurance policy can pay out at a fixed maturity date or set to accumulate until the policy is surrendered for cash value. A guaranteed death benefit will be paid out to the beneficiary upon the death of the insured, as long as the policy is valid at the point of demise.
Your overall Life Insurance policies should include coverage for: Early Critical Illness, Critical Illness, Total and Permanent Disability, Terminal Illness, Death and other insurable events as part of its policy or as a separate add-on rider.
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