The only satisfactory device democracy knows is that. of majority rule. Democracy holds that a majority will be right more often than it will be wrong, and that the majority will also be right more often than one person or small group will.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.he simplest form of term life insurance is for a term of one year. The death benefit would be paid by the insurance company if the insured died during the one year term, while no benefit is paid if the insured dies one day after the last day of the one year term.
Life assurance is a policy that provides the person insurance for life. The terms insurance and assurance are often heard when referring to financial product sold by a company. These words are used to refer to packages that provide a sum of money in return of premiums paid to safeguard an object.o, should anything happen to that said thing, person, etc., the loss would be incurred by the company, either fully or partially. Now, life insurance is a contract between the company and the insured that the company will provide the insuredâs family an amount of sum at the death of the insured.