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Life Insurance
Life Insurance or Life Assurance is when the Insurer agrees to pay an amount of money should something occur in the individual insured’s life for example, death or critical illness. In return the Insured pays premiums at regular intervals to the insurer. Insurance versus Assurance Insurance is when cover is provided for an event that might happen while Assurance is providing cover for an event that will definitely happen
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The copyright for this content has been relinquished by the author. The content may be used freely by anyone.
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