Life Insurance (investment savings) is a process that takes patience. When a man insures his life, 2 entities can benefit from it,
1. The Insured
2. Beneficiaries
In a situation where a man insures his own life, he is contributing a token sum of money which is called Premium.
Premiums can come in different modes,
1. Monthly
2. Quarterly
3. Half year
4. Annually.
5. Single.
The beauty of this investment savings is that Life Insurance which is known as DEATH BENEFIT is embedded.
Should incase he contributes for the duration he signed in agreement to while Alive, he gets his money at the end. But if death occurs before the end of the duration, Life Insurance comes in, because the unexpected has happened, the Beneficiaries will enjoy his investment.
A man who has life insurance will worry about nothing.
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