Insurance {life insurance}| can pay money to a named beneficiary after death of insured person. Payment can be one lump sum or monthly payments.
disability
Life insurance policies can pay for arm, leg, or eye loss {permanent disability}.
types
For most people, decreasing term insurance is the best buy in life insurance, because premiums are lower in early life, when paying is most difficult. Benefits decrease as need for benefits decreases.
amount
Amount needed is difference between total expenses family will have through working life, taking into account inflation and expenses attendant on death, and total income that they have with no insurance.
Practical Affairs>Financial Affairs>Insurance>Life
7-Financial Affairs-Insurance-Life
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Date Modified: 2022.0224