Question

life insurance essay

Answer 1

Insurance has become a significant economic force in most industrialized countries. Employers buy insurance to cover their employees against work-related injuries and health problems. Businesses also insure their property, including technology used in production against damage and theft. Because it makes business operations safer, insurance encourages businesses to make economic transactions, which benefits the economies of countries. Insurance companies perform a type of monetary redistribution - they collect premiums and eventually redistribute that money as payments. Depending on the type of insurance, redistribution can take anywhere from a few months to many decades. Because of this delay between collecting and paying out funds, insurance companies invest their funds to bring in extra revenues. Such investments help businesses and governments finance their operations, and profits from those investments support the operations of insurance companies.The earliest known type of life insurance was the burial benefits that Greek and Roman religious societies provided for their members. Neither these religious societies nor any pre-modern systems for paying death benefits employed actuarial calculations. They were frequently financed on a post assessment basis; that is, contributions were made by all surviving members following one member's death. As a result, funds were not always available to pay claims. The first life-insurance company in North America was founded in 1759 in Philadelphia. It was sponsored by the Presbyterian Synod of Philadelphia and gave benefits to Presbyterian ministers and their dependents. After 1840, the religious perspective towards life insurance declined and life insurance began its glorious period.

Answer 2

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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.