Life Insurance is an employee benefit frequently offered by employers. Life insurance is an insurance policy that provides, in exchange for premium payments, a lump sum of money to the designated beneficiary of an employee who may die. Life insurance as a benefit may serve as distinct marks for employer and could have the vigor of demonstrating the employer as an employer of choice when desirable candidates select job opportunities.
Life insurance provides peace of mind for an employee who is concerned about how his or her family, or heirs, will make out financially in the event of his or her death. Life insurance provides a certain financial cushion for the employee's survivors.
Why is life insurance a need for today's life? The importance of Life Insurance is not known in the great days of well-being and happy living days. A sudden set back in the health of our most loved ones can turn off the life style of the whole family. To manage things in an uncertain world, it is a wise attempt to choose a life insurance that can support us and our family people in the worse days most unexpected. It comes as an assurance promised to appear in the dark days of life.