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Life insurance is an agreement between you and a life insurance company.
The agreement is that if you die, they will pay a death benefit (a lump sum of tax-free money) to someone you choose. In exchange, you agree to periodically pay them an insurance premium (a small amount of money).
The agreement is that if you die, they will pay a death benefit (a lump sum of tax-free money) to someone you choose. In exchange, you agree to periodically pay them an insurance premium (a small amount of money).
How much does Life Insurance cost?
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