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24-Feb-2017 16:47

Such policies are known as term insurance policies.The other type of policy is bought from an investment perspective.

One is for the sole purpose of protection so that the dependents of a person can be supported after the demise of the insured person.In most cases, the dependents include the spouse, children, and parents.However, a person may make anybody the beneficiary of the policy.Since we live in a society, the first thought that comes to our mind is how to protect those who are dependent on us.