Personal Insurance

 

Personal insurance is a type of cover that provides financial security to your life and your family in the event of a serious injury or illness, loss of ability to earn, total and permanent disablement or death. 

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Life  Insurance

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Life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, well permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free.