
02/06/2023
A life policy is an agreement between the and an insurance . A person makes regular payments (premiums); in exchange for this, the insurer pays a certain amount of money after his death. This money goes to the people who are listed as beneficiaries in the contract, usually children, spouses, or other relatives. They may use the capital to pay off , solve current problems, or for future , such as studying at a university or buying a home.
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