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Life insurance is about providing protection to the dependents.
At the same time, it also provides peace of mind to the living person.
One is for the sole purpose of protection so that the dependents of a person can be supported after the demise of the insured person.
Such policies are known as term insurance policies.
Death is the only thing that is certain in this world.
These include riots, commotion, suicide and many other similar things.Governments around the world encourage people to go for insurance.Many countries give incentives in different forms to encourage this practice.The insurer may get the matter investigated if it finds any kind of discrepancy in the claim or the cause of death of the insured person.The other side You may be surprised to know that there have been cases in the past when life insurance policies were misused.
Insurance certainly eases the pressure on a common person who depends on regular earnings to support his or her family.