Life Insurance. Sohel Ali. Life Insurance. A protection against the loss of income that would result if the insured passed away. Why Life Insurance?. Such insurance provides security to family members upon the loss of a loved one . It pays for funeral expenses. Beneficiary.
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You have to die to win
Policy holder doesn’t have control over investments
Money you invested in the insurance will go to the stocks, bonds and mutual funds that the insurance company has sole rights to.
Premiums of permanent life insurance are also more expensive than term life insurance