Surety Versus Insurance

Surety Versus Insurance

Insurance is a legal contract wherein the insurer, which is the insurance company agrees to pay a stipulated consideration to a designated beneficiary upon the insured’s death. Therefore, one can only get the sum of money the policyholder paid for when the...
Options When You Can Not Pay Your Life Insurance

Options When You Can Not Pay Your Life Insurance

First, let us define LIFE INSURANCE. It is a legal contract wherein the insurer, the insurance company, agrees to pay a stipulated consideration to a designated beneficiary upon the insured’s death. Therefore, one can only get the sum of money the policyholder...
Disadvantages of Life Insurance

Disadvantages of Life Insurance

As we all know, life insurance guarantees to pay some amount of money to the beneficiaries as premiums paid by the insured. This life insurance gives protections to those families who will be left behind by the insured in case of passing away. But having known this...
Benefits of Life Insurance

Benefits of Life Insurance

In this time of uncertainties, many people are looking for insurance, life insurance in particular, but what is life insurance? How does life insurance protect us from uncertainties? First, let us define LIFE INSURANCE. It is a legal contract wherein the insurer,...