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Life insurance is a type of insurance that provides for the loss incurred on ones finances in the event of the death of the person who has purchased an insurance policy in his name from the insurance company. Any member of a family can purchase an insurance policy. In general, the policy is in the name of the person who earns for the family and provides money with the help of which a family runs. An insurance company can be a government agency. There are many private companies and non profit organizations that deal in insurance. Read the rest of this entry »