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Life Insurance
A life insurance policy is designed to pay a sum of money on the event of the death of the policy holder. This money is used to cover the costs of a funeral and provide money for family left behind. When the policy holder is the main income source for the family a life insurance policy will protect the family should the main income earner die and no longer be able to bring in that income. Life insurance should be part of your long term financial planning. Life insurance policies are complex and have many many options. Consult your financial planner or insurance broker on determining the life insurance policy that suits your needs.
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