With the development of science and technology, man has become to win many things and risks. But it is difficult to overcome or win some things and risks like accidents, reaching to old age and deaths and so on. Though it is impossible for man to defend them but there is invented various types of financial defensive strategies and ways.
These kinds of ways are known as the policies of life insurance. Specialist Benjamin Franklin said that, "Life insurance is a rainbow in a cloudy sky." So we can also defined the life insurance policy as, it is an way of an agreement by signing in a written contract in which we are capable of securing our life financially for a definite period or for entire living age with a good faith and well known insurance company against all of the potential risks of anything horrible incident happens in upcoming days. The importance's of life insurance policy in individual and family life are expressed according www.indotogelx.com in the following below. 1. Relieves the misery caused by death Death is a universal truth event for a man's life for which we say man is mortal. Insurance companies can help financially to the insured peoples families and their members on their financial crisis if that insured is died or unable to bear the family costs. 2. Helpful for old age Reaching to the old age is also a universal truth. Then there are various reasons for money. If anyone has taken a life insurance policy for his life he will get that needed money from his insurer in his old age. 3. Removes the misery resulting from cessation of income When a person's earning power is reduced or totally banned for the causes of diseases, illness, accident, lameness, unemployment, etc. then an insurance company can helps him financially for his taken policy of life insurance. 4. Assistance in creating savings and investment Insurance companies can take parts in the creation of savings by collecting money as premiums from the insured. They can also participates in investments, through the invest of money of the insured that are gotten from the insurer. 5. Increase of mental satisfaction There is an increase of mental satisfaction of the people by taking a policy. So, finally we can say that, actually the importance of life insurance policies in our individual and family life can't be described in writing.
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