Understanding How Life Insurance Works: A Clear Guide 📘

Life insurance is essentially a contract between the insured and the insurance company that pays out if the policyholder, the insured, dies. The life insurance money generally goes to a family member or beneficiary.<br />But, how can this even be profitable for the insurance company? Everyone dies, after all. Well, this all has to do with how the contracts are set up.<br /><br />Media:<br /><br />Brittle Rille - Reunited by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommon...<br />Source: http://incompetech.com...<br />Artist: http://incompetech.com/