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Insured 4 Life - Life Insurance Experts
A life insurance policy can ensure your loved ones financial security, it is the ultimate gift you can give. Don’t leave the future of your family to chance. Life insurance or also known as life assurance , is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.
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This was posted in Bdaily's Members' News section by TechnologyInsurance .