Why do we need life insurance?

Insurance arose long ago, at the very beginning of human development. Even then, people wanted to protect themselves and their property from possible risks. Then the insurance simply indemnify or helped with the loss of a breadwinner. Right now insurance has more security features. Insurance can be of different kinds, and you can obtain insurance for almost anything. The oldest form of insurance - life insurance.
Risk insurance is in case of death, disease and disability. To life insurance also include cumulative insurance, where is accumulating money for certain events: wedding, age, leaving school or university.
During a certain period the customer pays the premiums, and when a certain event can get a much larger amount than he has invested. Insurance companies that produce natural person insurance, invest their money in circulation: securities, bank deposits and government bonds.
Most popular on the market - mixed life insurance policies that cover the risk of survival before a certain date (for example, up to fifty years) and the risk of death (by illness, accident), and the risk of disability in the event of disability.
Usually at the stage of buying life insurance, the client is determined by how much and to what age he wants to save. After this period, the policyholder receives the accumulated into the bargain investment income (a minimum of 4% per annum).
Health insurance is very popular among corporate executives who purchase for their employees medical insurance policy. Such insurance is guaranteed assistance in the event of any occupational disease, accidents or injuries at work. In the insurance case insurance companies cover these costs: for treatment in hospital, operations and diagnostic tests for outpatient treatment, drug expenditures, and more.
The only advantage of life insurance - insurance protection. Insurance can not only save money and earn an income, but expect to pay in case of emergencies - accidents, illness and death. Such protection can’t provide any bank or investment company. You can also insure your children in case of loss of parent-wageworker.
It is also helpful to know that during the existence of life insurance market there were not noticed big insurance failures. But the problems with banks were noticed quit often - even the big burst structure, among the top ten, have failed in life insurance.