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Definitions
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Dictionary > Definitions > Economy > Life insurance disability
Life insurance disability
Definition
Even if the life insurance disability is not obligatory legally, no bank agrees to lend money without this insurance to you.
Description
In practice this insurance is thus impossible to circumvent. It is a guarantee for the bank but also for the purchaser. Thus it is assured that in the event of death, its heirs will not have to pay the loan. In the event of disability, its incomes can decrease so that it cannot refund the loan any more. In both cases, the insurance protects it, him or its close relations, at one particularly difficult moment.
Author
Md.khurshed Alam
Author Email
mk_alamcce@yahoo.com
References
Definitions to be consulted