"I am 35 years old. My friends and relatives keep telling me to invest in a life insurance policy. What is life insurance anyway and why do I need one?"A life insurance policy is a legal agreement drawn between an insurance policyholder and an insurance provider. Under this contract, the policyholder is required pay the insurer a specified sum at regular interval and in return the insurer promises to pay a certain sum to his designated beneficiary in case the insured event takes place while the
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