What is the life insurance?

Question

Accepted Answer

Life insurance is a contract between an insurer and a policyholder, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Life insurance provides financial protection to the policyholder's beneficiaries in case of their unexpected death.
It can also be used as an investment tool, with some policies offering cash value accumulation over time.
There are different types of life insurance policies, including term life, whole life, and universal life.
Premiums for life insurance policies are based on factors such as age, health, and lifestyle habits.
Life insurance can be purchased individually or through an employer-sponsored group plan.

Accepted Answer

Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.

Accepted Answer

Life insurance is a good relationship or contract with policy holders or insurance company... a policy holders gave a certain amount to insurance company and insurance company give a guaranteed returns to a policy holder.

What is the life insurance?

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