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	<title>New answer on: Does Life Insurance Really Work?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-really-work</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 23 Jun 2014 23:20:01 +0000</pubDate>

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		<description><![CDATA[A life insurance policy is a very simple contract.&#160; The company pays your beneficiary when you die and you pay the premiums.&#160; There is a very small number of exceptions such as suicide, and misrepresentation.&#160; It is a closely supervised contract in every state and it has an enviable track record of paying in full, on time. ]]></description>

		

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		<title>By: Larry Gilmore</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-really-work</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Mon, 08 Apr 2013 06:56:09 +0000</pubDate>

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		<description><![CDATA[Life insurance works so very well that it is one of the few products the federal government does not allow you to overfund without penalty. That&#039;s correct, the government changes the tax status of life insurance if too much money is placed into a policy because of the many tax advantages it provides. 

If it didn&#039;t work would the government limit it in such a way?]]></description>

		

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		<title>By: Lee Martinez</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-really-work</link>

		<dc:creator>Lee Martinez</dc:creator>

		<pubDate>Fri, 05 Apr 2013 04:01:42 +0000</pubDate>

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		<description><![CDATA[Yes. And has worked in the United States for more than two centuries. 

It is rare for a company to deny a claim and very rare for a company to deny a claim outside the contestable period. Contestability varies by state. In California and most of the states that I am licensed in it is two years.]]></description>

		

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		<title>By: J Scott Burke</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-really-work</link>

		<dc:creator>J Scott Burke</dc:creator>

		<pubDate>Thu, 04 Apr 2013 18:56:09 +0000</pubDate>

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		<description><![CDATA[By really work, I assume you mean does it pay a death claim when you die?

Yes. It does.

There are many different kinds of life insurance. It&#039;s not a lottery ticket. Term policies pay out if you die within a certain term and the coverage is in force. You can renew them but at a MUCH higher rate.

Whole-Life costs more initially but is designed to always be in force.]]></description>

		

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