Critically Discuss Whether Life Insurance Should Be Perceived as a Luxury or Need In The Context of the Evolving Dependency Dynamic of the Modern Family.
Abstract
The purpose of this paper is to examine the primary purpose of life insurance as a financial product and to analyze what are the advantages and disadvantages of having life insurance. Some recent statistics were used to create a framework of why and how many people purchase this product and what are the determinants which influence their decisions. When discussing whether life insurance is a necessity or a luxury, the price is the important ...
