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Answered Question

lucydresd...

M$1 January 21, 2009 11:01 PM

What is Death Insurance? Is it just the opposite of Life Insurance?

I'm confused about what Death Insurance is. Is it the opposite, or the same thing, as Life Insurance?

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Best Answer Chosen by Asker

cyberangel

January 22, 2009 12:44 AM

People refer to all types of life insurance as "death" insurance due to it being payable upon death.

Standard life insurance policies (provides a financial safety net for your benefactor when you die) are available as term life insurance and whole or universal life policies.

As well as the accidental death insurance that Darcy mentioned, funeral or burial insurance (policy exclusively covering burial costs) are also referred to as death insurance.

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