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Life insurance policies are contracts between you and an insurer in which they agree to pay out a specified sum to your beneficiary upon your death. Life insurance can help provide financial security against unexpected events that might strain loved ones financially. There are various life insurance policies available, so it's essential that you select one that meets your individual needs. Some policies offer fixed term options of 10, 20 years or even permanent protection while some (such as whole life insurance ) also feature a cash value component which accumulates over time, providing cash or borrowing power when needed1. Consider what type of coverage you require as well. Some policies offer expedited underwriting that allows healthy applicants to obtain coverage within days or weeks without going through a medical exam, while other require traditional approval processes that include an exam that could last months before you are covered. When selecting beneficiaries for your life insurance policies, make sure they can handle the responsibility. Also be sure to designate contingent beneficiaries just in case one passes before you do; and be sure to review these selections periodically as family circumstances and events change over time. At the time of purchase, your death benefit amount will typically be determined and may reach up to your policy's face amount. It can then be used to cover funeral costs, debt payments and any expenses left in your loved one's wake in your absence. Some policies even feature living benefits that provide income over an agreed upon number of years or to cover medical care costs. Alongside death benefits, many life insurance policies also feature riders that add extra coverage at an extra cost. Accidental Death and Dismemberment (AD&D) policies offer double the face amount if someone dies in an accident; these types of policies typically require extensive underwriting and may not be available to everyone. If you need help selecting the type of life insurance that is right for you, a licensed insurance agent is there to guide the way. everyday life insurance will discuss different types of policies available and how they work; assist you in choosing one that meets your needs and budget by reviewing available policies; inform you about additional benefits that might apply such as skipping an exam via telemedicine service to get coverage quickly; discounts offered for healthy customers – contact us now to find out more!