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Life insurance is about providing protection to the dependents.At the same time, it also provides peace of mind to the living person.For example, if you buy a policy for yourself, you are both the owner and the insured.However, if you buy a policy for your spouse, you are the policy owner while your spouse is the insured person.At the same time, there is a bit of commerce involved in this.The insurance companies insure a person in exchange for regular premiums.If you do join, and it is free then you get your own senior social networking profile page where you can fill in details about yourself if you wish, along with your photos, blogs and a wall where visitors can comment.
These can be called by different names like Universal, Permanent or Whole Life insurance.
He or she knows that his family or dependents won’t have to bear any hardships even if he dies.
In most cases, the dependents include the spouse, children, and parents.
However, a person may make anybody the beneficiary of the policy.
The insurance policy is a legal contract between the insurer and the insured.