Life insurance is a type of insurance policy that provides a payout to family members upon the policy holder's death. It can provide peace of mind to the insured person that their loved ones will not face financial difficulties following their sudden and unexpected passing. Life insurance is also referred to as ‘death cover' and most policies will pay out if the death is caused by an accident, natural causes, medical complications, acts of violence or a terminal illness. The monthly cost of life insurance will vary according to factors such as age, gender, occupation, medical history and lifestyle choices (such as smoking).

https://www.forbes.com/advisor/au/life-insurance/cost-of-life-insurance/

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