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the purpose in having life insurance is if you have a heart attack or anything like cancer if you have life insurance then you don't need to pay for the treatment , you get to have treatment right away because your insurance pays for the treatment
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∙ 12y ago
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What is the purpose of receivables insurance?
The purpose of receivables insurance is to get insurance for your company and keep it safe. Insurance is very important in many aspects in life and recivable insurance is great for companies.
Is life insurance a scam?
Life insurance is not a scam. There are benefits and drawbacks to having life insurance, it simple depends on the person's needs.
What is the purpose of mortgage protection life insurance?
The purpose of mortgage protection life insurance is to protect the home from being lost in the event the mortgagee passes away. The life insurance will pay off the balance of the existing mortgage to the finance company.
Is life insurance corporation a quasi judicial body?
Life Insurance Corporation is having the exclusive privilege of carrying on life insurance business in India.
Is the purpose of life insurance to protect your car in case of an accident?
No. Life insurance protects your life. Car insurance protects your car. If
What is the purpose of life insurance brokers?
Life insurance brokers offer different life insurance policies from different companies and help you to compare which one may be the best for you and your family.
What is the purpose of condominium association insurance?
The purpose of the condominium association insurance is to guard the tenants from having to pay for water damage caused by leaky faucets or from damage to the structure of the rental establishment. The purpose of the condominium association insurance is the same as any other insurance policy and that is to have in place moneys that the tenant do not have to pay in the event of a mishap to the structure of having lived in the dwelling.
Can an s-corporation shareholder deduct life insurance premiums?
Assuming the purpose of the insurance is for a buyout or keyperson, the answer is no.
What is the purpose of a vehicle?
The purpose of insuring a vehicle is to protect yourself incase of any accident you may be involved in. Having insurance will protect you in the long run and stop you having to fork out a substantial amount of money in bills and repairs. Also having insurance will protect you if your vehicle is stolen.
What are the benefits of having a combined life insurance policy?
The benefits that you would have of having a combined life insurance policy is that it would most likely be cheaper if you did it this way, where it's better for you.
Does the car insurance pay the debt when the owner dies?
Normal car insurance Liability, Collision, & Comprehensive will not pay off the loan. You would need to get the proper insurance for this purpose. Either life insurance or insurance for the purpose of loan payment.
What are the benefits of having life mortgage insurance?
The primary benefit of having mortgage life insurance is to eliminate the risk of passing one's debt onto their heirs. The point of having mortgage life insurance is that if one dies with an unpaid balance on one's mortgage then the insurance covers the remaining balance and whoever inherits the estate will owe nothing on the house.
