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Your father wants to insure his life with British American Insurance Company. As a Business Studies student, explain to him five benefits of life assurance

Your father wants to insure his life with British American Insurance Company. As a Business
Studies student, explain to him five benefits of life assurance

Answers

- Saving – The payment of premiums is a kind of saving to the policy holder
- Security – The policy is security for both the assured and beneficiaries
- The holder can secure a loan from the insurer without having to pledge for further security
- Interest/ Bonuses – The policy earns interest or bonuses on the paid up premium
- Investment – The holder may want to invest more by buying shares in the company
- Can use the matured amount after the stated period to invest

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Kavungya answered the question on April 4, 2019 at 06:21

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