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Insurance certainly eases the pressure on a common person who depends on regular earnings to support his or her family.
The insurer has the right to deny selling a policy to an insurance seeker on various grounds.
Since we live in a society, the first thought that comes to our mind is how to protect those who are dependent on us.
However, if you go country-wise, the system would be simple to understand.
In Australia, premiums paid through superannuation fund are taxable.
The objective of this limitation is to prevent misuse of the policy and give insurance cover only to the deserving parties.
Types of insurance policies Though there are many types of life insurance policies available on the market, most of them can be broadly classified into two categories.
The other type of policy is bought from an investment perspective.