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Shop around for the best life assurance policy.

THE tragic events in America has me wondering whether you can plan for all kinds of disasters in your life.

Many families in America, here at home even, are probably facing the costs of not only losing a loved one, but the financial hardship that this could bring.

Planning for financial security is not straightforward and, admittedly, people may have been put off buying life cover because of pressurised salespeople, who in the past sold them something, that was either unnecessary, or inappropriate.

It is true that if you are young, single and have no dependents you probably do not need life cover at all. The important issue is that the requirements should be geared to the family's needs and not to that of the salesperson.

There are over 100 companies selling life assurance, all with different products, costs, charges, conditions and investment performance, so finding the right company and policy is not easy.

So what is life assurance? In return for a regular premium or one-off payment, Life Assurance policies pay out a lump sum or an income on the death of the person named in the policy. There are a number of different types of life assurance policies:
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Sep 15, 2001
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