About Life Insurance...
Life insurance pays a benefit upon the death of someone.
The human life value.
What is the value of a human life? Of course, a human life has great value with regard to achievement, companionship, inspiration, and so on. There is also the financial value of a human life. To understand this concept, ask the question, "Does someone suffer, financially, upon the death of someone else?" If so, there is a risk exposure related to that human life value. There are several broad categories of human life risk exposures, including those having to do with personal needs, family needs, and business needs. Life insurance is a device, which can replace the financial loss that results from someone's death. To make a wise life insurance purchase you must consider several questions, including the following:
How much death benefit do I need? [more]
What kind of insurance should I buy? [more]
What insurance company should I choose? [more]
Who should own the policy? [more]
Who should the beneficiary(s) be? [more]
How should the premiums be paid? [more]