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rom an investor's point of view, an investment can play two roles -
. Most of the financial instruments have the underlying benefit of asset appreciation. Life insurance is unique in that it gives the customer the reassuranceof asset protection, along with a strong element of asset appreciation.
is a contract between the policy owner and theinsurer, where the insurer agrees to pay a sum of money upon the occurrence of theinsured individual's or individuals' death. In return, the policy owner (or policy payer)agrees to pay a stipulated amount called a premium at regular intervals or in lump sums(so-called "paid up" insurance). There may be designs in some countries where: (Assets,Bills, and death expenses plus catering for after funeral expenses should be included inPolicy Premium. Anyone whose assets equal more than the value of their primary residence should not be compensated beyond that value in case they cannot sell theirhouse. In the case of those who have lost their spouse should be compensated also forone full year the wages of their spouse which would or should be included to avoidlawsuits.) However in the United States, the predominant form simply specifies a lumpsum to be paid on the insured's demise. As with most
policies, life insurance is a contract between the
policy owner (policyholder)
whereby a benefit is paid to the designated Beneficiary (orBeneficiaries) if an
occurs which is
by the policy. To be a lifepolicy the
must be based upon life (or lives) of the people named in thepolicy.
Insured events that may be covered include: