Life insurance is a type of insurance policy that can provide financial s lump sum payment, which can help clear outstanding debts, such as y or children can continue to pay bills and living expenses. However there are different types of life insurance packages. Some types of life insurance, such as whole of life and term life, will pa Others, may pay out if you're diagnosed with cancer. This includes cover like serious / critical illness cover, mortgage prote A payout is dependent on your personal situation and the type (+/- sta Income protection insurance: Income protection insurance is an insurance policy that may pay out a disability. The amount that you receive in payouts is usually based on It may be include in other types of insurance or finance contracts - e.g When you start your plan, the insurer will offer you a choice of pre ben work before the benefit begins. It can be from 4 weeks to up to 2 years to pay. Private health insurance: Health insurance is a financial product that is meant to pay for private Usually the policy covers acute medical conditions that respond quickl
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