The insurance policy is a legal contract between the insurer and the insured.However, having a life insurance policy does not mean that you will get life cover for all kinds of deaths.At the same time, it also provides peace of mind to the living person.
Fifty Plus Net Sign up for free registration Fifty Plus Chat
&CFID=1741649&CFTOKEN=26560764 =========================================================================== Fifty Plus Forums action=intro =========================================================================== Third Age: This may appear to be a dating site, but it is actually a multi-topic site. Like any caf in any small town it is the general meeting place.
Universal / Permanent / Whole Life insurance These types of insurance policies are mostly bought by those who see insurance as a means of investment.
There is an accumulation of money in these types of policies and there is a minimum sum assured to the beneficiary at the maturity of the policy. Prima facie, they are doing a good work by insuring people against any untoward incident.
Since we live in a society, the first thought that comes to our mind is how to protect those who are dependent on us.