What insurance policy is needed to protect other people?
The insurance policy needed to protect other people is life insurance. What is insurance policy? Insurance policy is a biding between an individual who is insuring his or her property and the insurance company. It is a form of contract between two party involved. Therefore, life Insurance policy would get to protect other people.
What is an insurance policy?
A legal contract between a person and an insurance company is called an insurance policy. It is a legal document that claims the payment to be paid by the insurer to the person insured. This policy ensures the protection of members dependent on earners as the only source of income after their death.
What are the different types of insurance policies?
There are however, four insurances that most financial experts recommend that all of us have: life, health, auto and long-term disability. Each one of these covers a specific aspect of your life and each one is very important to your financial future.