Thursday, November 13, 2008

Life insurance became very popular

Life insurance is a best part of caring about the life of people. Very first record of life insurance was recorded in Roman. Life insurance was introduced first time in England, in 1600. Life insurance became very popular among the human beings for saving their lives. Life insurance is an important part for personal safety of people. Life insurance is a way to provide financial support to the family after the death of insured person. Life insurance depends on the factors of health and employment of insurer. Life insurance premium is based on the factors of age, gender, occupation and health. Insurance guarantees an explicit addition of money to a selected recipient upon the death of the insured persons. It is a security against the loss of income that would result, if the insured person dies. Life Insurance is a contract between the insurer and policy owner where the both insurer and owner agree to do their specific duties. Life Insurance cover the events of death, diagnose of terminal diseases, disability due to weak health, permanent disability and accidental death.

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