Guide to Buying Life Insurance

Parents take out life insurance on themselves “to protect their
children.” A husband kills his wife so he can take the insurance and make
himself rich. What’s the fuss all about? Why does insurance lead to so much
goodness, and yet so much trouble? What is life insurance?

Life insurance (also known as life assurance in the United Kingdom) is,
put simply, a financial package designed to protect those who depend upon
you for monetary support. A life insurance policy is a legal contract. Within it
are terms and conditions of the risks assumed. Any misrepresentation by the
policy holder or the insured will be grounds for nullification of the insurance.