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ur loved ones will be able to afford to pay for ur funeral...... sometimes, if u past bills, ur loved ones can pay those off.... if u leave a child behind, then they might have a lil inheritance to help w/ college...
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoInsurance may be beneficial in various ways. It can provide protection against unforeseen medical expenditures by removing the risk of financial responsibility from the insured and placing it upon the insurer.
Insurance is a contract, so it does not cover everything. Therefore, it is critical to become familiar with the metes and bounds of the coverage so as not to be surprised by remaining amounts for which you are personally liable.
It is also critical that any insurance that you do buy is issued by an authorized insurer. The authority of the insurer to transact business in the state should always be verified through the state insurance regulator located in the state capitol.
kritiagarwal
Life insurance provide with lot of benefits. But unfortunately, not many people are aware of the benefits of life insurance. Read my blog to know more benefits of life insurance.
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