Life insurance can be very beneficial: here’s what it is and what types exist. The subject is morally challenging, as feelings such as conscience, love and affection for family members are the driving forces behind this investment. In fact, life insurance is a gift that is given to those who love themselves and their loved… Continue reading Why it is important to make a life insurance
Life insurance is a contract between an insurer and an insured, which guarantees certain beneficiaries (designated by the policyholder) the payment of a sum of money by the insurer, in the event of the death of the insured, consisting of the latter with the payment of premiums (single or recurring) in life.
Conceived with the intent of supporting families to cover burial costs and the care of widows and orphans, life insurance is now a flexible and powerful financial product, capable of supporting surviving family members or other beneficiaries after the death of an insured.