Necessities of Life
Barron's Insurance Dictionary:
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Necessities of Life
Basic needs, such as food, water, clothing, and shelter, that a person requires to survive. These needs are the first layer of Maslow’s Hierarchy of Needs, and are the minimum that should be provided by any life insurance plan.
| Ncci, Navigation Risk Insurance, Natural Losses | |
| Needs Approach, Neglect, Negligence |
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Necessities of Life
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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