Sentences with phrase «untimely deaths of individuals»

Not exact matches

The fundamental purpose of insurance is to protect against and manage risks that can't otherwise be borne by an individual, from homeowner's insurance to protect against the risk of a disaster to the home, to permanent life insurance to protect against the financial impact of an untimely death.

For some it serves as a means to provide for financial security in the future, for some it is a tool of income protection in case of untimely death and for most of the individuals, it is a means to escape from the clutches of taxation.

The purpose of life insurance is of course to protect the individual's family in the event of an untimely death.

Whenever insurers underwrite a life insurance policy, they are taking the risk of an untimely or early death of an individual.