What You Need to Know When Applying for Life Insurance
Submitted by The Blueprint 360 | Financial Clarity Within Reach on October 25th, 2016When you buy a life insurance policy, you are essentially transferring your financial risk to a life insurer which then becomes obligated to pay your beneficiaries based on the contracted amount of death benefit purchased. The life insurer is able to assume the risk because, based on its data, it knows when you are expected to die.