Entitlements in government are benefits that are guaranteed to certain segments of the population, because they have qualified for them in some way. E.g. People are entitled to Medicare because they paid Medicare taxes for at least 40 quarters. People are entitled to food stamps when their income goes below a certain limit.
Life insurance is not entitled to anyone under the rule of government. However, there are guaranteed issue policies that people qualify for simply by being within a certain age range. Other policies are approved for issue to persons who qualify medically, financially, and in the absence of other risk factors.
As a whole, most people then, do qualify for life insurance, and after they apply and have been approved, are entitled to the policy for which they have been accepted. But the entitlement is not mandated by the government, as in health insurance.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Some companies provide "employer paid" life insurance. So, in a way, the employee is entitled to have that insurance. There are fraternal organizations which provide life insurance for their members. Some financial institutions have provided small amounts of life insurance for their depositors. Most people, however, are not entitled to life insurance and must contract with an insurance company to obtain that coverage.
.JPG){kind=avatar}
Life insurance is not entitled to anyone under the rule of government. However, there are guaranteed issue policies that people qualify for simply by being within a certain age range. Other policies are approved for issue to persons who qualify medically, financially, and in the absence of other risk factors.
As a whole, most people then, do qualify for life insurance, and after they apply and have been approved, are entitled to the policy for which they have been accepted. But the entitlement is not mandated by the government, as in health insurance.