The need for life insurance changes with the change of age, responsibilities and life style. The need for the life insurance is not felt when one is young, progressing to greater levels in work and profession as he/she takes on more and more responsibility. Finally, when people grow older, they require to commence planning for the retirement life.
At the end of the course, you would be able to learn:
- Need for insurance as per different life stages
- Different Assessment Methods
- Rule of Thumb
- Human Life Value Approach
- Capitalization Approach