Spread the loveIn the broader scope of personal finance, life insurance stands out as an important asset that helps ensure financial well-being and future security. However, for financial newcomers, navigating the complexities of life insurance policy can be a daunting task. Understanding the different policy types, coverage essentials and key terms is integral to making an informed decision. In this blog, we’ll cover the essentials to empower newcomers towards financial security. Types of insurance policy Life insurance comes in different forms, each serving a specific function. The two primary categories are term and whole-life policies. Term Life Insurance policy: This […]
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