A legal contract between insured and insurer, can protect you and your loved ones from any untoward incidents that may result in financial losses. It safeguards the standard of living of the insured and his/her dependents. If properly planned, can also take care of your retirement needs.
Life insurance by definition is a legal contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium upon death/disability, Maturity Benefit upon completion of the policy, or annuity/pension in case of a pension policy
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Male/female, young/old, person who is single, married, married with kids, a person who is nearing his/her retirement. Almost everyone needs a life insurance for various reasons
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