Human beings are mortal. Though every single life has to terminate one day yet it is the very nature of rational agents to plan for the expected as well as the unexpected happenings in their future. The most prudent plan to secure your and the lives of your loved ones is to get your life insured. By doing this an individual enters into a contract with the company (from where hw takes the life insurance policy) according to which the latter will recompense for his death by paying a predetermined some of money to his family till the insured premiums are current.
Life insurance policy acts as an individuals best friend in the hours of grave need. This is because if unfortunately something happens to the primary wage earner, his family is assisted with life insurance amount to make up for the loss and move ahead in life. so in todays life it is immensely essential for an individual to take a life insurance policy a soon as possible. Quite often many government officials and employees in a company are offered group life insurance which is totally free of cost. With the help of their company employees can also take an additional life insurance at reduced rates....