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Examining the Differences Between Temporary and Permanent Life Insurance

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Life Protection Insurance Does What it Says

 There is no insurance in the world, of course, that actually prolongs your life or delays the date of your death. What life protection insurance does offer, however, is the chance to ensure that, in the event of your untimely or unexpected death , your loved ones and dependants receive an added degree of financial support by way of a guaranteed insurance benefit. In this way, the insurance does exactly what it says by providing an assured level of financial protection for your surviving dependants. The principle of this type of insurance is well-established. Indeed, it is generally accepted that life insurance grew out of the practice of many "friendly societies", mainly in working class areas of the north of England, one hundred or so years ago, of encouraging people to save for their own funeral expenses by saving a small amount of money each week. Their families would thus be relieved of the burden of such expenses at the time of their death. Clearly, however, lif...
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