What would you like to do?

What is importance of life insurance?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

What is importance of life insurance?
The importance of life insurance is that it provides financial security for the future of those you name as beneficiary on your life insurance policy. Life insurance is a contract that pays out a life isnruance death benefit in return for the premium payments, subject to the terms, conditions, and exclusions in the contract. The life insurance proceeds can be used by the beneficiary for any reason they choose. That means you can name your family members as beneficiaries to your life insurance policy and they could receive the proceeds upon your death, if the life insurance policy is still "In Force". The proceeds from a life insurance policy may be used for any number of reasons including, paying off a mortgage, paying college tuition for your kids, providing funds for your spouse's retirement, paying for your final expenses, or providing money for your family to continue their current lifestyle. Life insurance provides the financial means for your beneficiaries to have a financially secure future if you are no longer there to provide for them.
2 people found this useful
Thanks for the feedback!

Have you started a sequel to Irresistible Force yet, and if so, what's it about?

View Full Interview
Who can you insure for life insurance?

Who can you insure for life insurance?

  Who can you insure for life insurance?     can you obtain a life insurance policy on some one other than your spouse or child?     Yes. You can obtain

What is life insurance and types of life insurance?

Life insurance is a policy people take out to ensure that their  family receives a pre decided amount in the event of sudden death  or loss of income.Life insurance is means

How do you get life insurance?

Call any reputable company. State Farm, All State, Prudential, and such. Please stay away from the staggeringly good offers that you'll hear of on the net and on TV.

What is Life insurance and general insurance?

Life insurance, as the name suggests, is insurance on human lives. Life insurance policies are considered to be "valued policies" because they are purchased in finite amounts,

Can you insure another person for life insurance?

Yes, one person can obtain a life insurance policy on another as long as the policy owner has an insurable, financial interest in the life of the insured.
What are the importance of insurance?

What are the importance of insurance?

Insurance is a cost-sharing mechanism designed to limit peope's financial risks to sudden, severe and unanticipated losses. The idea behind insurance is that, by pooling premi

Where do you get life insurance from?

You can check your local phone book or online to find an agent and  get quotes. Independent brokers are best as they represent a  multitude of companies and can literally sh

What is life insurance?

With a wide range of life insurance policies available in the  market today, it is important to know how to select the best  option. With rising awareness about financial pr

No life insurance?

Life insurance is a necessity. It is cheap, especially if you are  young and healthy. Even if you are older or suffer from health  impairments, you can find life insurance c

What is a life insurance?

insurance that pays out a sum of money either on the death of the  insured person or after a set period. But find out best and  affordable insurance agency is tough. Further

How is life insurance insured or guarenteed?

Life insurance companies may insure or guaranty your life insurance  policy in one of two ways. First, a life insurance company may buy  reinsurance to re-insure the losses

Do you have to have life insurance?

Answer 1   Yes i have life insurance that can pay well to my family after my  death. At least, they will not depend on some one else. If i will  alive that time i would

Where can I get life insurance?

There are many life insurance policies available in the market which offers you impressive features at reasonable premium. I would suggest you to get quotes from various life

What kind of life insurance is burial insurance?

It is usually a simplified issue whole life policy. Burial  insurance requires little testing and is issued quickly. The  downside to that is paying a higher premium than yo