Life insurance serves as a long-term investment as well as a source of financial support in the event of an unexpected death. Depending on your life stage and risk appetite, you can achieve your objectives, such as your children's schooling, marriage, creating your ideal home, or preparing a relaxed retired life. If you die, life insurance payouts might assist replace your income. This means your beneficiaries could utilise the funds to help cover important obligations like paying off a mortgage or paying for your children's college education. It can also be used to pay off debt, such as credit card bills or a car loan that has been overdue.
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