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Kiana Stout
Business
3 October, 10:05
What is life insurance?
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Amelie
3 October, 10:09
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Life insurance or life assurance is a contract between an insurance policy holder and an insurer or assurer (insurance company). The insurance company agrees to pay the beneficiary a sum of money in exchange for a premium, upon the death of the insured person. The insured person may be the policy holder himself or a third person other than the beneficiary.
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