Using terms from class readings and discussions write a one pagepaper stating why all people...

Using terms from class readings and discussions write a one page paper stating why all people need life insurance. Must type.

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Life insurance is like a contract between a person known as insurer and an insurance company in which the insurer agrees to pay a specific sum of money in the exchange of serval benefits after the death of the insured person. Insurance companies provide the advantage after the end of the insured person, such as a premium amount of the policy taken by him and funeral benefits and a lot more. So some reasons why taking life insurance is essential for everyone are that it helps their love once after the insured person is gone. For example, if an only person who is earning in a family accidentally lose his life, but he has taken insurance than the insurance company pay the insurance amount to their family. It also helps to a deal with the debt. Life insurance also helps to supplement your retirement goals. Buying of insurance is cheaper while you are younger and it always provides benefit when you become old. So, according to time, all people must need life insurance to make their as well as their loved one's life more secure and comfortable.

keosha answered 1 year ago

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