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What exactly is life insurance and how does life insurance work?

cythia asked:


What exactly is life insurance and how does life insurance work?

I don’t understand, won’t you be dead or something so what does it do for you?

What happens if it doesn’t get cashed in, what does that mean?

Sorry I don’t understand, please explain.

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How should I do health insurance deduction from paycheck if I choose my own health insurance ?

shanravi_29 asked:


I want to choose my own insurance instead of company sponsored plan.
Usually when we elect company sponsored plan the premium on health insurance
is tax deducted from the paycheck. But if I choose and pay my own insurance Can I still make tax deducted from each paycheck? or should I apply tax deduction during tax filing?

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