What’s The Basic Difference Between Life And Non-Life Insurance?

by Cecile Cinco

You’ve heard of life insurance and non-life insurance, I’m pretty sure. What’s the difference?

More than a decade ago I was selling life insurance then years later I was with a pre-need company. (Being with the insurance firm at that time I made my ICQ handle Life Provider. I had a 7-digit UIN which still exists now, though not much used as it had been before. If you use ICQ and do a search, if you see 2 accounts with Life Provider, both are mine.)

When we were starting and having the orientation. We were all asked, what’s the difference between a life insurance and a non-life insurance policy?

A life insurance policy answers your financial needs WHEN the inevitable happens while a non-life insurance policy answers your financial needs IF ever the dreaded event happens. With the current economic problem, don’t you think it’s better to have business insurance than without?

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