Doing the Right Thing
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We call it life insurance because it is used to cover the insured income for life. It is really called "income protection" because your income can be replaced by the life insurance when you die. Therefore, your family will not have to be in financial stress when you die. |
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Q&A Monster
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because it makes sure that those who you leave behind will be taken care of. |
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weofui
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Because it's insurance taken out on your life - you lose your life, the insurance pays up.
Just like car insurance - you lose your car due to accident or theft, the insurance pays up. |
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jodirw28
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Because it insures your family. what, do you expect them to give the person who died the money? |
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Alexandra Whitecastle
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Because it gives other people life. |
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napqueen
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Proceeds from a life insurance policy provide the beneficiary with sufficent funds to protect his/her lifestyle (and financial future) by not being burdened with a deceased family member's funeral expenses. |
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thylawyer
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Nobody wants to sell death insurance. We also buy car insurance, not accident or damage insurance. We buy health insurance, not disease or trauma insurance. So what? |
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â•£China ♥ Dollâ•Â
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Insure can be defined as "cover: protect by insurance." The family is supposed to use that money to take care of the deceased funeral arrangements and debts. So, it's called life insurance because it covers the expenses to keep the life of the deceased alive or something. |
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johnpublico
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Salesmanship. Pure and simple. It puts a more positive spin on it.
Ironically, today we have the Bush Administration calling for repeal of what they refer to as the "Death Tax". This is just the Estate Tax in wolf's clothing. By calling it the Death Tax, they hope to create negative spin and get voters to oppose it. |
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insuranceguytx
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Actually it was first sold as "death insurance." No one would buy it. |
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pjflyr
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You are only describing one kind of life insurance. There are other types that you can draw money from as they accumulate a cash value AND they pay off a sum to your beneficiaries when you die. It's not just death insurance!
It can be a good investment. Check it out! |
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lenny
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Most of us call it "life insurance". |
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voetbal
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its called life insurance because you are insuring your life, just as if you insure your leg and your leg gets damaged you get paid. |
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tRuThBtOlD
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Life insurance is meant for the family of the deceased. Example...Family of 4 with a father who supports the family, he dies...His life insurance would give the family money to continue to live comfortably untill they can get the finacial situation undercontoll. That is why they call it life insurance. |
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answer faerie, V.T., A. M.
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if you lose your car, auto insurance pays off. likewise with life insurance. |
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lostroad94
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So your loved ones could use the money to have an party after your dead. |
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Beauty06
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LMAO |
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micho
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becouse its guarantee that they will take care of ur family as u a life |
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woundshurtless
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yea woudlnt life insurance keep you alive |
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weirdrelatives
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How many policies do you think they could sell if it was called death insurance. Insurance salesmen have the make a living too! |
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Real-Italian-Stallion
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what website did you steal this question from?
funnyquestions.com? |
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kathy s
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It's spelled: insurance by the way.
It gives next of kin and dependents insurance in the event of death. The person's LIFE is insurance against DEATH OR DISMEMBERMENT, etc. |
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James C
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you insure your life and if you lose it money will be paid to someone..... can I have the money if you die? haha |
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mbrcatz
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Death insurance is SO negative. |
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