New York state Life Insurance

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Life Insurance is a contract in which the insurer undertakes providing your beneficiaries with a certain amount of money in the event of your death. Most Americans need life insurance. To understand if you need life insurance, you need to think through the worst-case scenario. If you died tomorrow, how would your loved ones fare financially? Would they be able to pay for your final expenses? Can they meet ongoing living expenses like the rent or mortgage, food, clothing, transportation costs, healthcare, etc? Without your contribution to the household, would your surviving spouse be able to save enough money to put the kids through college or retire comfortably?

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