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The biggest benefit of life insurance is how life insurance simply provides financial protection for your loved ones in the event that you pass away. This works kind of like a sort of 401k where you put away or pay a premium over the years and each year Your Life Insurance Fund to built. you expire, that life insurance comes to fruition and is paid out to your beneficiaries. A lot of people will use a Life Insurance Fund to cover simple things like funeral rates or even pay various debts or if that’s already covered, you can simply pay living expenses with that fund.
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