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What is life insurance for?
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[QUOTE="Moni2402, post: 79400, member: 27691"] [B][COLOR=rgb(44, 130, 201)][SIZE=5]Do you really know what life insurance is for and how it works?[/SIZE][/COLOR][/B] The main purpose of life insurance is to serve as a form of income for a person's heirs in the event of death. This life insurance will give income to the beneficiaries, thus replacing what the person contributed previously. The amount of the insurance will depend on the contributions, usually monthly, that you have paid to the chosen insurer. The longer and more amount you have been paying, the more policy and collection will be left for the beneficiaries. If the person begins to insure at 35, they can keep life insurance at an attractive price or opt for a policy that provides savings with earnings to ensure a good quality of life also during retirement. It would be advisable to hire him from the age of 35. Remember that after 60 or 65 some companies do not. This insurance can be used to pay the balance of the mortgage or other debts existing at the time of death, to have funds for the education of the children, to pay inheritance taxes without the heirs seeing the need to sell property or pay expenses of burial, if you do not have death and burial insurance. [/QUOTE]
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