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What benefits do I get for signing up for a life insurance policy?
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The benefits of signing up for a life insurance policy vary, depending on the type of policy you choose. Generally, life insurance provides financial security to your family in the event of your death. It may also help cover costs associated with end-of-life expenses, such as funeral and burial expenses. Other benefits may include an income tax-free death benefit, the option to pay additional premium to increase the death benefit and potentially tax-free cash value accumulation.