Life insurance is a type of personal insurance that takes the life span of the insured as the insurance subject and the survival or death of the insured as the payment condition.
As with all insurance business, the insured transfers the risk to the insurer, accepts the insurer's terms and pays the premium.
Unlike other insurance, life insurance transfers the risk of survival or death to the insured.
Life insurance is a social security system and an insurance business that takes human life and body as the insurance object.
For everyone, death, old age, disability, disease, etc. are dangers in life, which we call personal dangers.
It is characterized by entering into insurance contracts, paying insurance premiums, and providing protection to those who participate in the insurance, in order to enhance the ability to withstand risks, prepare family financial plans, build a psychological defense line for you and your family, construct a world of love, and create
bright future.
Extended information: The function is a reliable guarantee of life in old age: when people retire in old age, they no longer have normal income, but they still need to make expenditures.
If you don't have enough living expenses in old age, you have to continue to work when you are old, and use every point you earn with your labor.
Buy life insurance when you are young to protect your life in old age.
Strong protection against disability: Unexpected illness and disability can devour labor force, reduce or deprive income, but do not reduce expenses.
Purchasing life insurance can provide financial protection for the insured in the event of illness or disability.
The development of modern medicine has enabled many diseases that were originally terminal illnesses to be cured.