What is life insurance and advantages of life insurance?

one can purchase  for ife insurance policies :-

1) Family members earning an income and supporting other financial dependents in the family

2) Home makers - in whose absence one might have to arrange for care takers.

If you have dependents in your family (such as parents, spouse or children who are financially dependent on you), then in all such cases a Life Insurance Policy will financially support your family in case of your death. Here are some of the important points to consider to evaluate the amount of insurance cover:

1. Number of dependents

2. The kind of lifestyle

3. Cost of children’s education

4. Investment requirements

5. Affordability and current level of income