Author: okbimaofficial
okbimaofficial
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In the complex landscape of financial planning, life insurance stands as a versatile tool that plays a crucial role in both wealth preservation and transfer. While many view life insurance primarily as a means to provide financial security for loved ones in the event of the policyholder’s death, its functions extend far beyond this basic premise. This blog explores the multifaceted ways in which life insurance contributes to wealth preservation and transfer, highlighting its importance in a comprehensive financial strategy. Understanding Life Insurance: An Overview Life insurance plans in India are a contract between an individual and an insurance company,…