Somehow the fantasy of happily ever after and staying together till death do us part is a lot more attractive than entering a relationship with thought that if this doesn't work, I will be able to just end it in divorce.
Whenever you think about entering into a life assurance policy it's about the same, the general image or idea that flashes bothering you is that of a salesperson making an attempt to trap to get a policy under his company name and the hope that nothing really happens to you.
Life insurance is used to pay death taxes and estate settlement costs, to shift wealth from one generation to another or to benefit selected charities. Most of the people go in for a life assurance policy to make sure that on his/her passing, the beneficiary is financially secured.
One common type of insurance is: term life assurance : A term life assurance policy pays the beneficiary or the nominee the due amount only if the insured individual expires in the time/tenure of the policy. A serious problem with term insurance is that with the expiry of the insurance policy, the insured would need to replace or replenish the policy at a higher premium. This is done to maintain the premium level while the policy is prepared.
