Term insurance: How much should your coverage amount be?

Life insurance is one of the important pillars of personal finance. In the COVID-19 era, this has assumed greater significance.

In case of the death of the insured individual during the policy term, the death benefit (a lump-sum amount) is paid by the insurance company to the beneficiaries named by the individual. If the person survives the tenure of the policy, he/she doesn’t get anything back.

The

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The Best Insurance Companies In Every State 2021

San Antonio, Texas-based USAA Insurance, America’s fifth largest property-casualty insurer, used the sudden change in driving patterns and accident logs as a cue to return money to its policyholders. In 2020, USAA has returned over $1 billion to its policyholders through “auto insurance dividends,” which are helping to keep cash in their pockets at a time of economic uncertainty.

forbes.com

In

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