Life is full of risks. Work too. Since the beginning of the establishment of the company, we have been facing risks that can threaten the existence and business. No matter how big and strong we are, there are risks. And they are usually the biggest when we don't recognize them, when we think they won't or can't happen to us.
Life insurance is created as a desire to insure the future, and enables a kind of savings. The question is often asked whether it is better for an individual to save money himself/herself or to take out a life insurance policy. Saving is good and reaps benefits over time, but it requires a certain amount of time, resources and consistency.
With the purchased insurance policy, i.e. upon the payment of insurance premium, the insurance company, i.e. the insurer, assumes the unwanted event risk, so the policyholder receives protection from the insured events, receiving the agreed sum insured in the event of the same occurring.