What is life insurance and how much

Not everyone needs to have life insurance. But if your child, spouse, or other family members are solely dependent on your income for a living, you need life insurance. This will help save your family costs, after you die.
What is life insurance?
A life insurance policy is essentially a contract with an insurance company. Of premium payment.In return, the insurance company makes a one-time payment known as ‘death benefit’. This payment can be paid by the insured’s family after death.Life insurance will protect you and your family from future risks. And it will pay for your family’s future expenses after you retire or die. In that case, life insurance is a long-term investment.The amount of insurance payable will depend on the insurance class you purchase. Moreover, you can decide how the money will be spent, or whether it applies to a particular case (mortgage, rent).The amount of money you have to pay for life insurance depends on many factors. Such as the amount of money you want to keep for the family or the extent of the life insurance policy. It also depends on your age, health and lifestyle.There can be different types of life insurance. Usually the person selects life insurance based on his needs and purpose. Let’s not know the two basic types of life insurance.

 

Term life insurance
insurance): This type of insurance can be operated for a specified period of time, such as 5 or 20 years. This insurance is less expensive than permanent life insurance. This insurance can be used as an alternative to your lost potential income (Lost Potential Income). And it will help you meet your family’s financial goals, such as paying off a mortgage, running a business, paying for education. But keep in mind, although this insurance is called as a possible income option, it only pays for one time. The benefit of term life insurance is that your family is financially self-sufficient so you don’t have to spend money on insurance. Life insurance is more expensive than term insurance. Here the insurer has to pay for the life insurance premium. Upon the death of the insured, his or her family will be able to enjoy the specified amount of insurance.So now, think about how much insurance you will have for your family’s future financial guarantee.A life insurance policy is essentially a contract with an insurance company. Of premium payment In return, the insurance company makes a one-time payment known as ‘death benefit’. This payment can be paid by the insured’s family after death.
Life insurance will protect you and your family from future risks. And it will pay for your family’s future expenses after you retire or die. In that case, life insurance is a long-term investment.The amount of insurance payable will depend on the insurance class you purchase. Moreover, you can decide how the money will be spent, or whether it applies to a particular case (mortgage, rent).The amount of money you have to pay for life insurance depends on many factors. Such as the amount of money you want to keep for the family or the extent of the life insurance policy. It also depends on your age, health and lifestyle.

There can be different types of life insurance. Usually the person selects life insurance based on his needs and purpose. Let’s not know the two basic types of life insurance.For example People are always in danger. Anytime an unwanted accident or illness comes to the hospital or to the doctor for medical attention. Even premature death occurs. Likewise, the loss of a dream car, home or business organization may be due to a disaster or an unexpected accident. They may even collapse. The insurance plan is called the pre-plan to compensate for the loss of time (accident, illness, premature death, loss of home or business organization, collapse).Insurance companies cannot provide health care for a person or return a caregiver to a family. But by providing financial means indirectly, the respondent keeps its dilemma. Likewise, even if the dream car, house or business does not return, it cooperates with financial restructuring. Life insurance means life insurance for the life and death of his family.

 

This argument has been practiced in the court of the world long before, through the principle sentence. In this way, it is the job of the lower-class employees to collect regular subscriptions from the public in any way that they can explain to the general public. Even though no salary is set for the tertiary staff, the lower class employees receive the bulk of the money collected by those members who are forced to take part in life insurance under pressure. However, by looking at other companies, the First Islamic Life Insurance Company first appeared as an Islamic Life Insurance Company. Originally, the Islamic company was associated with the name of the company and within a short time they found a market. Many life insurance companies are jealous of their system and Islam is associated with their company. The reason for this: The devious people of Bangladesh know that fooling people are rushing towards the same name with the name of Islam. The thing that works most of all is that ordinary people’s ideas about Islam, despite being Muslims, are minimal. Because of this, whenever one looks at the writing of Islam, it seems that this is all adulteration and there is no possibility of any wrongdoing. These are called stupid pious, who can never protect themselves from polytheism.