Professional Documents
Culture Documents
Life Insurance: Life ??? What Is Life Insurance &why Go For Life Insurance ?
Life Insurance: Life ??? What Is Life Insurance &why Go For Life Insurance ?
Life ???
What is life insurance &Why go for life
insurance ?
Death comes to all sooner or later.
Burial ceremonies.
1706 (London)
18th century
Contract
Insurance company
Insured
Owner of policy
parties
Quarterly
Monthly
Yearly
Company
To beneficiaries ( Nominee )
No cash value
Types
Level premiums
Death benefit
Cash value
Life
Insurance
Term life
Insurance
Permanen
t Life
Insurance
investment
Premiums
Interest
withdrawals
Profit
premi
premi
um
um
portion
Cash
accumulatio
n account
Investme
nt