What does Necessities of Life mean? Read on to discover the definition & meaning of the term Necessities of Life - to help you better understand the language used in insurance policies.
Necessities of Life
The necessities of life refer to food, clothing, shelter, and anything else that is a prerequisite to survival and a deterrent to premature death. Most of these items require money and are often insurable.
We hope the you have a better understanding of the meaning of Necessities of Life.