Life insurance is a key of life it is a best opportunity for all the people that they can save their money and if they can need money they can us it.
Life insurance (it is we could especially Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insure promises to pay a designated benefit and some of money they give exchange for a premium, upon the death of an insured person (on the policy holder.)
Life policy is a legal process. Life insurance is a form of insurance in which a person makes regular payments to an insurance company, and if they need their money or in return for a sum of money to be paid to them after a period of time, or to their family if they die.
Why life insurance should be important?
1. Life insurance it is important to everyone, because if they need in future than they can take by their insurance also, it is good for them.
2. Life insurance it is a family security and in their family someone die then they can take their money also.
3. In this they can save their first income and they can generate their second income. It is benefit for them.
Life insurance: in this any age of people take life insurance, because in this no age limited, it is benefit for all the age person, and they can take benefit in any age person. For example: 30, 45, 65, 55 etc.
Who needs life insurance the most and why?
Most experts recommend having a policy that is 5 to 10 times your annual salary. If you are the breadwinner that support their family a lot and children, use a life insurance calculator to help determine the right amount of coverage to protect your loved ones.
If they die than or in their family any problem than they can take their money also and it is benefit for them.
Summary: life insurance it is important for everyone and life insurance save their first income and they can generate their second income ,and in this no age limited , it is benefit for all people , and case they can take their money.