In the event of damage of property, what comes to mind is the money spent on purchasing it and there’s always a silent longing to have the money to buy another to replace it. This is what insurance does, helping usinsure our properties so that upon damage they can easily be replaced without us baiting an eyelid. Today, people insure their cars, thus we have car insurance. We also have house insurance and even laptop insurance. Crazy, right? So why should our most prized asset, our lives, not have insurance?
Life insurance is a contract between you and an insurance company. It is a sum of money paid out on the death of a person, after a set period. Two parties are involved in life insurance; the insurer, and the insured. The insurer pays out a designated amount (benefit) in exchange for a premium (monthly payments,) on the … Read More
