Thursday 22 March 2012

WHAT IS LIFE INSURANCE

Human life is subject to risks of death and disability due to natural causes and accidental. When human life is lost or a person who is disabled permanently or temporarily, there is a loss of household income. The family puts difficulties. Sometimes,the very survival is at stake for dependents. The risks are unpredictable. Death ordisability can occur when you least expect it. An individual can protect yourself against these contingencies through life insurance.

Life insurance is insurance in humans. Although human life can not be assessed, a sumof money could be determined based on the loss of revenue in the coming years.Therefore in life insurance, the insured amount of the guaranteed amount payable incase of loss) is through an Advantage in the case of life insurance. Life insurance products offer a certain amount of money to the dependents of the insured in the event that insured life dies during the period of active income of winning or become disabledbecause of an accident causing a reduction or total loss revenue income.

An individual also can protect your old age when left to win and has no other means of income through the purchase of a product.

There are a number of life insurance products that offer protection and with the savings.

A life insurance product provides a fixed amount of money in death.

Guarantee a product allocation provided a fixed amount of money either in case of death during the contract period or the expiration of the insurance contract if life is alive.

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