DEEN AHMAD ILYANI

Life insurance is a contract between an insurance company and a policyholder, where the insurance company agrees to pay a designated beneficiary a death benefit upon the death of the insured individual. The policyholder pays regular premiums to the insurance company in exchange for this coverage.

Homeowners insurance is a type of property insurance designed to protect homeowners from financial losses due to damage or destruction of their property. It covers a wide range of perils, including fire, theft, and natural disasters, providing a safety net for homeowners to recover from unexpected events.