Question

Life Insurance involves both protection and investment explain this statement​

Answer 1

Answer:

Life insurance is a financial tool to support the family of an insured’ person after his death. In a nutshell, it acts as a shield at a time when you require utmost protection and security. This is the reason insurance is poles apart from banking, investment or any kind of saving.

Any kind of insurance policy revolves around paying a nominal sum of money by large groups of people as a precautionary measure to protect their beneficiaries in their absence. Insurance aids in financial recovery, especially when the family isn’t prepared to tackle such an unforeseen

Explanation:

Answer 2

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