an essay on roles of life insurance in our social life
Answers
Life insurance is important for business owners because it can help protect the business from financial loss, liabilities or instability in the case of an owner or business partner's death. You can name a business partner a beneficiary to help them maintain the business and keep operations going. A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner. Start a 20-year term policy today, and if you don't die by 2032, you'll have received nothing. ... Purchasing policies more complex that a term life insurance policy could make economic sense if the cash value increases quickly enough. But investing and insuring are two different and usually incongruent goals.
Hope this may helpful♡♥♡♡
Answer:
First of all, Life refers to an aspect of existence. This aspect processes acts, evaluates, and evolves through growth. Life is what distinguishes humans from inorganic matter. Some individuals certainly enjoy free will in Life. Others like slaves and prisoners don’t have that privilege. However, Life isn’t just about living independently in society. It is certainly much more than that. Hence, quality of Life carries huge importance. Above all, the ultimate purpose should be to live a meaningful life. A meaningful life is one which allows us to connect with our deeper self.
One important aspect of Life is that it keeps going forward. This means nothing is permanent. Hence, there should be a reason to stay in dejection. A happy occasion will come to pass, just like a sad one. Above all, one must be optimistic no matter how bad things get. This is because nothing will stay forever. Every situation, occasion, and event shall pass. This is certainly a beauty of Life.
Many people become very sad because of failures. However, these people certainly fail to see the bright side. The bright side is that there is a reason for every failure. Therefore, every failure teaches us a valuable lesson. This means every failure builds experience. This experience is what improves the skills and efficiency of humans.
Probably a huge number of individuals complain that Life is a pain. Many people believe that the word pain is a synonym for Life. However, it is pain that makes us stronger. Pain is certainly an excellent way of increasing mental resilience. Above all, pain enriches the mind.
The uncertainty of death is what makes life so precious. No one knows the hour of one’s death. This probably is the most important reason to live life to the fullest. Staying in depression or being a workaholic is an utter wastage of Life. One must certainly enjoy the beautiful blessings of Life before death overtakes.