2006-07-14 10:58:23 · 10 answers · asked by Anonymous in Society & Culture ➔ Other - Society & Culture
Life insurance is basically a protection plan to protect income. It can't protect life since you can only live once. I frankly don't know why they call it life insurance. They should really call it "income protection" because when the owner of that life insurance dies, the family (or whoever is the named beneficiary) gets money from the insurance company.
2006-07-16 15:51:19 · answer #1 · answered by Anonymous · 3⤊ 1⤋
a new term for "protection" money. Mobs got legit and started insurance companies. so you bought a life insurance money instead of paying protection. you kept the policy paid up you got to have a life
2006-07-14 18:04:59 · answer #2 · answered by ML 5 · 0⤊ 0⤋
To make you feel better about dying because life insurance is not about life but DEATH! You get paid to die. Corporate America is such a loving a$$hole this way.
2006-07-14 18:01:20 · answer #3 · answered by Lucas Brown 2 · 0⤊ 0⤋
You insure your life. You die, your beneciaries get the proceeds.
2006-07-14 18:01:38 · answer #4 · answered by pappa_15 3 · 0⤊ 0⤋
Marketing. It's hard to sell something called "death insurance;" people don't want to think about death.
2006-07-14 18:01:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
you are insuring your life... just like health insurance-- the company pays you when you lose the commodity-- auto, health, home, etc.
2006-07-14 18:02:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Because you buy it during your life and get the money when you die
2006-07-14 18:01:46 · answer #7 · answered by newsblews361 5 · 0⤊ 0⤋
perhaps because it's for those who remain alive after you die ... but this is a good question :)
I guess if they wanted to be more accurate they could call it something like ... 'savings for death expenses' or 'savings for survivors' or something like that. (I can't think of anything catchy)
2006-07-14 18:03:44 · answer #8 · answered by mom1025 5 · 0⤊ 0⤋
so your family can live off it
2006-07-14 18:01:45 · answer #9 · answered by Laura B 4 · 0⤊ 0⤋
Because you buy it when you're alive.
2006-07-14 18:00:54 · answer #10 · answered by pamela_d_99 5 · 0⤊ 0⤋