Necessities of Life

Last updated: November 18, 2017

What Does Necessities of Life Mean?

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.


Insuranceopedia Explains Necessities of Life

Health and long-term care insurance provide some of the necessities of life for policyholders. Likewise, disability insurance and workers compensation ensure a certain amount of income following disabling injuries or illness. These funds allow the insured to acquire necessities such as nourishment and shelter.


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