How does life insurance provide both protection and investment benefit?
Answers
Answered by
18
Dear students, have a look at your answer.
The life insurance can give you two benefits:
- It provides security for long term savings.
- In case of death, the insurance company will give the lump sump amount.
- In case of the person survived, he gets back the premium with the bonus.
Hope it will work!
The life insurance can give you two benefits:
- It provides security for long term savings.
- In case of death, the insurance company will give the lump sump amount.
- In case of the person survived, he gets back the premium with the bonus.
Hope it will work!
Answered by
3
Answer:
The life insurance provides dual benefits, it provides security to the beneficiary of the insured and also acts as an instrument of long term savings. Such policies are known as money back or endowment policies. ... In case the insured survives, he gets back the premium paid along with a bonus..
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hope it helps
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