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For example, if you buy a policy for yourself, you are both the owner and the insured.

However, if you buy a policy for your spouse, you are the policy owner while your spouse is the insured person.

Taxation Taxation in the context of insurance is a complicated matter especially when you think of it from a global perspective.

Life insurance is about providing protection to the dependents.

At the same time, it also provides peace of mind to the living person.

However, a person may make anybody the beneficiary of the policy.

The insurance policy is a legal contract between the insurer and the insured.

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However, having a life insurance policy does not mean that you will get life cover for all kinds of deaths.

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