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No ma'am, no ham, no turkey !😂🙅🏾‍♂️ You can’t just take out a life insurance policy on somebody because you want to collect money when they die. 😭 There are rules to this! First, you generally need an insurable interest, meaning you have a legitimate financial reason to insure that person’s life. This could include a spouse, business partner, or someone whose death would financially impact you. Second, the person being insured generally has to know about and consent to the policy. That usual
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TikTokmylestheinsuranceguy
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𝐌𝐚𝐱𝐢𝐦𝐢𝐬𝐞 𝐑𝐞𝐭𝐮𝐫𝐧𝐬? 𝐎𝐫 𝐌𝐢𝐧𝐢𝐦𝐢𝐬𝐞 𝐔𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲? 𝐌𝐚𝐲𝐛𝐞 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐁𝐨𝐭𝐡.
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Did you know that some life cover policies can also benefit you while you are still alive? Your policy may offer living benefits, depending on the type of cover and its terms. Do not just focus on what happens when you are gone. Understand what your policy can do for you today! #PersonalFinance #SavingMoney #Insurance #Budgeting #Fyp
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TikTokkatlego_kala
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