Coverage and Benefits
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AMP Life Insurance provides comprehensive coverage and a host of benefits to policyholders and their beneficiaries. These include:
Death Benefit
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Upon the insured’s death, AMP Life Insurance pays out a tax-free lump sum to the designated beneficiaries, providing financial support during a difficult time.
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Cash Value Accumulation
Certain AMP life insurance policies accrue cash value over time, which can be accessed by the policyholder during their lifetime. This feature offers a valuable source of liquidity and financial flexibility.
Policy Loans and Withdrawals
Policyholders may borrow against the cash value of their life insurance policy or make partial withdrawals, providing access to funds for various purposes such as education expenses or emergencies.
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