In present generation life insurance is very essential for every individual particularly for those people who want to plan financially for their family's future. So, a question can rise in our mind that what is life insurance and what is the particular activity of it? In my point of view this is a money making machine which provide a huge security before death and after death. It provide the surety of payout after death of a policy holder and also can give the security which will be require by any dependents, especially spouses and children.


It has the power to achieve great expenses during bereavement like after death of a guardian of a conservative family and associated burial expenses, and any kind of outstanding expenses like medical or debts.


Most of people take a life insurance basically for their heirs, i.e the surety that they have an inheritance. By this way a life insurance policy can gain a lump sum of money when it needed. There are also those type of policy holder who want to contribute the hole amount of money of insurance to a charity for their developing and progress. Basically charity's lifelong supporters has done the job.


On the other hand, there are few some different type of policy that create a kind of saving funds, where the policy holder can withdraw his/her money from their fund due to debt. One of the great issue of a premium of life insurance policy is INCENTIVE. Often, this is creating with highly effective method of creating accrued savings. But in most countries, the interest gained from incentive policy is not eligible for tax at the time of crediting .


But, there are some confusion to take over an insurance policy due to low availability and not appropriate advice. People can't take their own decision independently, that which policy will be provide the good convenience to the potential policy holder's aims and budget.


After thinking this difficult issue, the insurance companies has introduced a number of helpful websites for gathering information regarding this, for getting the best results, the best counselor who, basically specialist in the field of life insurance can provide the good advice as well.


Finally, we may note it that there are two basic kinds of life insurance policy which are: Protection - only and the another is investment - type. The first one is the pay out in the event of a policy holder's death while the second is savings based scheme.


People are searching for protection from insurance company while it pay a lump sum if the policy holder dies within the agreed number of years. There will be no payment require if the death occurs outside this time, I think it is usually the cheapest.


My suggestion is - if we think that we need a good protection for our life but not only you and me, off course with our family member - a hole-life policy is needed which is one of the forms investment-type life insurance can carry. A policy, which always contribute money in the event of a death and provide a huge shelter to the remaining people of a family and it can help to find out the correct way of investment.