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Long Term Life Insurance. If you die, your policy pays a lump sum death benefit to your beneficiary. The purpose of long term insurance is to provide you with an income in the long term (retirement), or a lump sum of money in the event that you become permanently disabled or pass away.
How to Easily Understand Your Insurance Contract from www.investopedia.com
Life insurance with long term care benefits provides the coverage of life insurance combined with long term care coverage. For example, if you want to replace $4,000 of monthly income, you would need $1,000,000 in term life insurance. In this article, we’ll break down some.
How to Easily Understand Your Insurance Contract
The purpose of long term insurance is to provide you with an income in the long term (retirement), or a lump sum of money in the event that you become permanently disabled or pass away. Affordable life insurance with no medical exam. Get term life insurance when you’re young and healthy and you’ll have low rates locked in for the life of the premium. Life auto home health business renter disability commercial auto long term care annuity.