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What do you mean by life insurance?

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What do you mean by life insurance?

Question is from Insurance

I had been asked this question during a job interview.

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What do you mean by life insurance?

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Correct answer for this question is: The primary purpose of life insurance is to provide a financial benefit to dependants upon premature death of an insured person. The policy pays a specified amount called a “death benefit” to the named beneficiary, when the insured dies.

The title of my answer is Life Insurance Overview

 You can read more about by answer on Florida Department of Financial

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