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Family Income Benefit Policy
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[QUOTE="Mika, post: 225545, member: 29399"] A whole life insurance policy is a policy that will benefit the beneficiary of the insured person. Let's say you bought the whole life insurance policy, you regularly pay premimums, and then one day you die. Upon your death, your beneficiary will receive the benefits. When people buy a whole life insurance policy, their beneficiary is always their kid or spouse. This policy will help your surviving family members with the finances. If you have a family (kids and spouse), you should definitely buy this insurance policy. The financial coverage your family receives after your death will help fund your child's education, or help with the finances for your spouse. [/QUOTE]
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