Types of Life Insurance policies
The Document containing the written contract between the insurer and the insured along with the terms and conditions of insurance is called the Policy. After the proposal from the filed by the insured and the insurer accepts the from and the premium, a policy is issued to the insurer.
People have different requirements and therefore they would like a policy to fulfill all their needs. The needs of people for life insurance can be family needs, children needs, old age and special needs. Read the rest of this entry »
Life Insurance
Since life is uncertain, all individuals try to assure themselves of certain sum of money in the future to take care of unforeseen events or happenings. Individuals in the course of their life rae always exposed to some kind of risks. The risk may be of an event which is certain that is death.
In that case whta will happen to the other members of the family hwo are depndent on a particular individual’s income. The other risk may be of living too long in which an individual may become too old to earn i.e., retirement.
In this case also, the earnings will declline or end. Other such circumstances, individuals seek protection against these risks and life insurance companies offer protection against such risks. Read the rest of this entry »