What is Life Insurance?

now let's take a look on life insurance is all about the concept of Life Insurance started with a simple act of passing the hat similar to a blue light which you do when a friend or loved one passes except historically there were times when people literally pass the hat even before that struck the community by sharing the burden these groups were able to share the risk and do cooperatively what would be difficult to accomplish individually hold a proper burial and take care of the needs of the family the deceased left behind 2 day shipping remains one of the foundations of life insurance it's no wonder that is commonly associated with death because these practices give birth definition to day life insurance is formally defined as a legal agreement or contract when he surance company agrees to pay a sum of money or cash benefit to a beneficiary women have been covered by the policy of cruise in other words life insurance takes the place of the income you provide your family independence it replaces your economic value when you're gone I can't work anymore it's as if you're buying peace of mind knowing that your family will be nationally secure anything happen to you it's an extension of your love making sure they are provided for when they need it most like helping you prepare for the unexpected so whatever happens you can keep on protecting your loved ones like you've always done when purchasing a life insurance plan the insured makes payments based on the amount of coverage he requires and insurance companies perceived risk of covering his life this perceived risk will depend on a number of factors such as age medical and health conditions smoking had it hobbies an occupation among others the higher the more expensive the premium gets everything we've said so far is it does not tell the complete story xvideo find out why you need life insurance​