“Life” Insurance versus “Death” Insurance
Wednesday, July 9th, 2008
Every person faces two basic contingencies concerning life: he may die too soon, or he may live too long. This does not mean that he may live too long to suit himself; it means that he may outlive his financial usefulness or his ability to provide for his needs. The first category is physical death. The second is economic death. A man who is forced to retire at 65 from his job, unless he has the substitute income, is ..."Life" Insurance versus "Death" Insurance