Insurance

Whole life insurance policy provides cover until the death of the insured. It can be even started after you turn 40. Though the initial premium may be higher, it is constant till the end of the policy, hence providing a cash value as you grow old.

The compensation provided by the insurance company is much larger than you had invested. A life insurance becomes a good support to you post your retirement as you do not have to depend on any one for monetary help.

Life insurance is basically a contract that is made between the policy buyer and the insurance agency in which the insurance agency guarantees a certain amount to be paid to the named beneficiaries in the case of the death of the policy holder.