Meaning of Premature Death

The death of the head of a household with unfulfilled financial obligation is known as premature death. Examples of financial obligations includes dependents to support, children to educate, loan to be paid and so on. This loss can be substantial. The composition of family has been changing over time. Consequently, premature death has severe financial impact on certain types of families than others. People who need life insurance must calculate the correct amount of the life insurance to own.