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Insurance

Insured

In life insurance, the insured refers to the individual who is protected by the insurance policy. In the event of the insured's passing, the insurance company would provide a death benefit to the designated beneficiary. This benefit acts as a financial safeguard for the insured's loved ones in the unfortunate event of their death. The insured plays a crucial role in the insurance process, making sure their loved ones are financially secure even after they are gone.
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