life insurance

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.
As with most insurance policies, li'peace of mind' experienced by the policyholder, due to the negating of adverse financial consequences caused fe insurance is a contract between the insurer and the policy owner whereby a benefit is paid to the designated beneficiaries if an insured event occurs which is covered by the policy.
The value for theL policyholder is derived, not from an actual claim event, rather it is the value derived from the by the death of the Life Assured.Life insurance is impotant in our life.life insurance give to future help.we help always lifeinsurance.we are people therefor we can do life insurance life insurance gives alot of benifits.Life insurance have more advantages.life insurance give our save life.life insurance is very very important in our life they save our life.