Facts about life insurance

Our lives are subjected to risks of disability and death due to
accidental
and natural causes like flood, fire or earthquakes. Death or accidents
causing
permanent or temporary disability affects the income of a household. The
family
of the victim is placed in hardship. At times survival is at stake for
the
remaining family. During such a juncture life insurance is required.
Risks are
capricious. Accidents take place at a time when least expected. So, it
is very
essential for every individual to have a life insurance.

Human life is precious and its value can’t be measured with a sum of
money.
Taking insurance is a step to compensate the family members of the
insured
person. You cant get your loved one back from death. But his sudden loss
will
never put you in difficulty if you have his life insured. Life insurance
is a
scheme, which assures a certain sum of money in the form of benefit to
the
dependants of the insured person. The life insurance schemes are
designed in
such a way so that a particular amount of money is given to the
beneficiaries in
case of sudden death of the insured person. So you can avoid complete
loss of
income in case of sudden death or accident of the insured person if you
have a
good policy planned beforehand.


A person can also assure a lump sum for his old age by taking insurance

policies. You have safety coupled with savings when you go for insurance

policies. A limited amount of money in the form of monthly, quarterly,
half
yearly or annual premiums is enough to secure your future. While taking
an
insurance policy one must be observant about the coverage of the
product. It is
advisable that you take insurance policies from certified agents instead
of any
unknown individual.




Varieties of Life Insurance Policies



The variety of life insurance products in the market is impressive. You
are free
to choose from among the wide assortment of policies on offer. Brief
detail
about the major types of life insurance will provide detail knowledge
about the
subject:


• A term insurance is a product, which will provide the beneficiaries
with a
lump sum in case of death during the term of insurance.
• If you go for an insurance covering your whole life span, then you
receive a
fixed amount at the time of death.
• Endowment assurance is by far the most popular form of life insurance.
In this
kind of a policy, the beneficiary gets a fixed amount either after the
full term
of the insurance or if death occurs during the tenure of the contract.
• Money back polices are indeed another excellent way of savings. In
this kind
of a policy, the insured person gets lump sums on particular dates
within the
specified contract period along with the entire amount assured at the
end of the
contract term or on death.
• Annuity product is an equally lucrative insurance scheme. Monthly
payments are
made on particular dates to the insured person till he is alive.
• Linked insurance products assure fixed sum of money at death along
with the
underlying worth of assets on required dates.

The big insurance houses design insurances suitable for individuals
belonging to different socio economic categories. You have customized
schemes
for women, youth, children, old people, middle-aged individuals,
laborers, rural
population and people belonging to the highest strata of the society.







Where to Buy Life Insurance Products?

It is advisable that life insurance products are always bought from
registered agents. Big Insurance companies appoint agents to sell their
schemes.
It is the agents who will guide the individuals towards the right
policy. Life
insurance agents are responsible for briefing the mass about the various

insurance policies. They will make you understand the difference between
group
life insurance schemes and individual policies. Companies who provide
insurance
policy to their employees free of cost generally take group schemes.
Individual
policies are usually based on the income of an individual.

It is found that life insurance policies are the only way in which you
have
guaranteed returns that offer security and protection to your families
and offer
contentment to society.


From Live Health Club site

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Thank you dear for your fabulous passage