life assurance policy

life assurance policy　人寿保单　

The life assurance policy refers to a form of insurance that involves the provision of cover extensible to the beneficiaries，such as your spouse and children in the event of your death.This insurance policy is based on a binding contract between the policy owner and the insurer.On viewing the essence of this insurance policy，it is only beneficial to the designated beneficiaries and not directly targeted towards the policy holder，although one could argue that the policy holder does get the benefit of peace of mind from the policy.The most important factor to be taken into consideration before deciding whether to engage in such a contract should be whether there any persons financially dependent on the prospective policy holder that would not be able to lead a comfortable life financially after your death.