INSURANCEIn life there are two possible realities either one dies to soon or die too long.
If one dies too soon, what will happen to his family? Who will take care of them? Financially unprepared family will be burdened by the loss of the breadwinner. Education of the children will be threatened. It will be a nightmare to the surviving spouse. If one dies too long, his medical and healthcare needs will be high. Who will take care of him? His savings will be depleted. His estates will be sold. The family might be forced to borrow.
This are the problems sought to be addressed by Insurance.
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