Life Insurance 101
Summary
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A life insurance policy pays an agreed upon amount of money to another person (your "beneficiary") if the insured dies while the policy is in effect. Not all policies are alike. There are different types of policies that permit life insurance to be personalized for various needs.
For a person with a diagnosis of a serious health condition, life insurance can be an important source of cash now.
You can still purchase life insurance in spite of your diagnosis.
Before you apply for life insurance, find out what, if anything, the MIB knows about you.
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MIB (formerly The Medical Information Bureau)

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