Question

Answer the following questions in six sentences each:
Why is life insurance essential?

Answer 1

LIfe Insurance is essential because of the following reasons:

1. To ensure the financial support at the time of death or disability of a person.
2. For children’s educational and other needs.
3. Constant source of income after retirement.
4. For savings plan.
5. Ensure monetary help when the earnings are reduced / stopped.
6. Financial contingencies in the event of unexpected happenings.