Explain the Risk of Premature Death and Its Consequences

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The Answer is A premature death will be defined as dying prior to a certain age (commonly, the expected retirement age). The death of a person typically results in a variety of losses: the direct loss is to the dying person because the person is unable to continue enjoying what he or she was doing and still wished to do. Family members and friends suffer a psychological and emotional loss from the disappearance of their loved one. However, the economic loss is mainly felt by people who depended financially on the deceased person (e.g., spouse, children, parents) and who lost the future income that would have been earned if the person had not died. There are also business interests that could be damaged for example, the employing firm that lost a key person who held particularly important know-how or who had exceptionally important and strong ties with suppliers, customers, or regulators. Another common type of loss is that of a partnership that lost a key partner, a situation that may endanger the continuation of the business.

Explain the Risk of Premature Death and Its Consequences

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