Life insurance is a bogus term. The correct word is Death insurance. If you die, your dependendts are insured.If you live,they get diddlysquat. Ofcourse, nobody would buy a morbid sounding product called Death Insurance. Thats why we lull ourselves into accepting a nice sounding term called life insurance -which almost gives the impression that your life is insured!Human beings are so afraid of death,they dont even want to discuss it.
RE:Death insurance
by Ashok Kumar on Feb 06, 2008 02:08 PM Permalink
Everything in this world will vanish one day. Every living soul must die and thats the universal truth about living and life. The Insurance, basically transfers the financial risk of caring for life of the family/dependent subject to a happening that could be demise during the term or caring after retirement age. Its mainly the care for the LIVING/SURVIVORS that we insure becasue life must move on whatever may happen is the reason we call it LIFE INSURANCE.
RE:Death insurance
by natraj tanjore on Dec 25, 2007 05:18 PM Permalink
What profound understanding, what erudition, O noble soul! Love to hear more such toddler babblings! Please humour us!
