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P Is Looking To Purchase A Life Insurance. P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period. David and his agents are independent.
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A large part of choosing a life insurance policy is determining how much money your dependents will need. Hi alice, the type of life insurance you are looking for is commonly referred to in the life insurance industry as final expense. P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period.
K buys a policy where the premium stays fixed for the first 5 years. Life insurance helps secure your family financially with a lump sum amount that is paid out in the event of the policy holder’s death within the policy period $ 2,500,000 financial resources available: Family benefit policy family maintenance policy family income policy family survivor policy