Life Insurance

        In simple words life Insurance means a contract between an Insurance company (Insurer) and insurance policy holder in which Insure or Insurance company will guarantee some sort of financial beneficiary to the policy holder and his family after his death in exchange of  certain amount of premium. In these sort of policies, policy holder  should pay their premiums either as a single lump sum or on a regular basis. Life Insurance policy also covers events like critical illness or terminal illness and sometime even funeral expenses depending upon the contract. There are several things that you should be paying attention while buying Life Insurance Policies : like you should know whether there are adequate funds for your future expenses like mortgage payment, daycare and college or not? also should be knowing about who will be responsible for the expenses of final medical bills and funerals costing e.t.c.