Why you can go for the life insurance when most of the time you are not able to get the benefits of the insurance benefit. Life insurance main theme is not to get financial profit on the insurance, but its main motto to protect your family or financial help your family after your death.
Life insurance company charge insurance premium on the policy holder. In US insurance company paid all the charges to the policy holder for cremation. Life insurance void in US if the policy holder suicide within the two years. Life insurance is not an investment plan but the life insurance company is using the funds available in the blue chip company and the triple AAA rated company where the return is higher than the general investment. In most of the country, Govt. take close watch on the life insurance fund use .If due to any reason any risk arises than the Govt. refund the amount to the policy holder. Life Insurance policy is also used for getting the mortgage as well as personal loan on it. Personal loan available on the 75% of the life insurance value. Insurance is essential for all. Even for our life we need insurance. Life insurance gives us the assurance that our families and the family persons are always in safe position financially all the time.
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