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Mawwage Life AnnuitiesThursday, November 15, 2012. Life Insurance Coverage and Its Advantages. Life Insurance has become one of the necessities for a person who wishes to give his family a safe and secure life even after their soul rests in peace. The insurance policy is a commitment made by an insurance company to pay to its nominee a specific amount if the policy purchaser dies during the term of the policy. You make sure that your family is left with a lump sum of money for financial protection. Pension Plans are for you i...
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