what is Life insurance
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Answer:
insurance that pays out a sum of money either on the death of the insured person or after a set period.
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Answered by
1
Answer:
Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.
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