Definition: The term "Life Insurance for AARP" refers to an individual's plan or policy that offers coverage for life, disability, and certain health benefits in exchange for premiums paid by the individual or their beneficiaries. The term "life insurance" generally means a type of insurance policy that provides financial protection to an individual or family upon the death of the insured. These policies are typically purchased through a company called Life Insurance Company (LIC) or another insurer, and the premium is typically charged to the customer in addition to any other expenses associated with the purchase. The term "life insurance" can also refer to various types of insurance that provide protection against the financial loss caused by death. Some common life insurance products include policies such as term-life insurance (where an insured pays a fixed premium at the start of their policy period), whole-life insurance (where premiums are paid for a specified number of years and then end in full upon the insured's death), and disability insurance (which provides financial support to cover medical expenses).
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