SaRaProfessor Asked: August 14, 20212021-08-14T12:05:56+05:30 2021-08-14T12:05:56+05:30In: FinanceWhat is Life Insurance and What are the Advantages of it?I am looking to buy life insurance for my family. let me know What is Life Insurance and What are the Advantages of it?life insurance 1 AnswerVotedOldestRecent rtn 2021-08-14T12:08:43+05:30Added an answer on August 14, 2021 at 12:08 pm Life insurance is a product that helps you in many ways. It is an important topic that one should be aware of.Life insurance is a type of financial product and it protects you from certain risks and risks can be thought of as unfortunate occurrences or natural events.For example, floods or earthquakes can happen, so people need to buy life insurance to cover their losses. Some people choose to do this even before they are old enough to legally drink alcohol, as it can be a big part of their retirement finances, and to protect themselves from financial worries later in life.Life Insurance: The Right Financial Protection for EveryoneLife insurance is one of the biggest investments that you can have in your life. However, most people are unaware of all the benefits that they receive from life insurance. They simply do not spend enough time doing their research and reading about the best policies available for them to select.The advantage of life insurance is that it is a financial investment that will pay serious money for you in case of death. The return on the investment is usually very high, but the money can be withdrawn at any time before death. If the investment is in a mutual fund, you have no control over the level of return.3Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerLeave an answerCancel reply Featured image Select file Browse Add a Video to describe the problem better. Video type YoutubeVimeoDailymotionFacebook Choose from here the video type. Video ID Put Video ID here: https://www.youtube.com/watch?v=sdUUx5FdySs Ex: "sdUUx5FdySs". Answer Anonymously Save my name, email, and website in this browser for the next time I comment. Related Questions What are 3 things you need to consider when buying life insurance? How Much Life Insurance Do I Need?