Monday, 16 December 2013

10 things you did not know about Life Insurance

As you all know that Life insurance (or commonly life assurance, especially in the Commonwealth) is a contract between an insured (insurance policy holder) and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") in exchange for a premium, upon the death of the insured person. However, there are many things that people did not know about Life Insurance.

This infographic highlights 10 things you did not know about Life Insurance:

Source: http://www.learnvest.com/wp-content/uploads/2013/02/130214_lv-lifeinsurance-infographic.jpg

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