Free online dating site for seniors

Posted by / 01-Sep-2017 17:17

Death is the only thing that is certain in this world.Since we live in a society, the first thought that comes to our mind is how to protect those who are dependent on us.At the same time, there is a bit of commerce involved in this.The insurance companies insure a person in exchange for regular premiums.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.In many other cases, premiums do not come under the ambit of taxation laws.

Taxation Taxation in the context of insurance is a complicated matter especially when you think of it from a global perspective.However, if you go country-wise, the system would be simple to understand.In Australia, premiums paid through superannuation fund are taxable.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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One is for the sole purpose of protection so that the dependents of a person can be supported after the demise of the insured person.

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