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What Is Life Insurance and Why Does It Matter? #Shorts
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Student: What is Life Insurance?
Teacher: Life is Insurance is a contract between a person and an insurance company that provides money to the beneficiary after the death of the insured.
Student: So why does that matter?
Teacher: People will buy Life Insurance for different reasons, but usually it’s to protect financial confidence of one’s family in the event that the breadwinner, the person who makes the most money in the family, passes away.
This person will take out a Life Insurance policy and pay the monthly or yearly premiums in order to keep the agreement intact.
Teacher: Life is Insurance is a contract between a person and an insurance company that provides money to the beneficiary after the death of the insured.
Student: So why does that matter?
Teacher: People will buy Life Insurance for different reasons, but usually it’s to protect financial confidence of one’s family in the event that the breadwinner, the person who makes the most money in the family, passes away.
This person will take out a Life Insurance policy and pay the monthly or yearly premiums in order to keep the agreement intact.
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