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Pay off the credit card and car loan. Investor's current age, expected retirement age, net income, liabilities. Life insurance (or life assurance, especially in the commonwealth of nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium. The financial needs analysis module offers advisors a precise assessment of a client's current financial situation and future needs, including their detailed life insurance needs assessment by considering different variables:
