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Tacky ShirtUnderstanding Term Life, Whole Life, and Universal Insurance Policies. Also called the death benefit, it’s huge much the insurance company will pay when the insured dies. The amount that the policy owner is responsible to pay for. The individual who the face amount is paid to when the insured dies. Don’t have any specific time frame because they’re made to protect you till you die, and provided that the premium is paid it’ll consistently shell out. Whole life insurance plans do deve...The final thing to ...
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