Insurance companies invest the funds securely, so it can grow, and pay out when there's a claim. Insurance helps you: Own a home, because mortgage lenders need to know your home is protected. It covers you for repairs and replacement of any damage that's covered in your policy. Top Reasons Why Life Insurance Is So Important. ... Pay Off Debts: A life insurance policy can pay off any debts … Continue reading The Benefits of Insurance for you and Family.
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