Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured
dies. The insurance company promises a death benefit in exchange for premiums paid by the policyholder.
The Purpose of taking life Insurance is to create immediate wealth for the dependent family and to eliminate debt for the family.
By taking Life insurance it ensures your family is taken care in your absence.
“ Life Insurance is not an Investment .It is a risk management tool to protect your future income”