Life Isurance

The life insurance agreement is that the insurance company set up by the predetermined amount of the payment in the event of an adverse event is the death of the insured person. This agreement is the payment stallemnts support for a predetermined time frame and calculated by the policy owner or policy payer. The fixed amount is also referred to as "premium" and is paid on selected intervals. The insurance premium is a lump sum or state "insurance are paid. Some life insurance companies, claims on the assets, bills and death expenses and hospitality after the funeral. However, this is only if the agreement, the cost of the document again in the Policy premium,.

In the case of a person who has lost a spouse isnured, is the person who compensates for a full year's salary of the deceased, in addition to the claim. Insurance is primarily a contract between the company and ensuring the owner of the policy, which refers to a payment to the beneficiary by the insured in case of danger, injury or death. The insured events are death, illness or disability or a natural or accidental death. Isnurance life insurance contracts under the law and the terms of the policy from the limitations of the insured events that are covered by premiums pulled.

The requirements generally include specific exclusions in the small print, and to eliminate the liability of the insurer to a minimum. These include claims relating to suicide, fraud, events unfolded as a result of war or riot or any kind of disturbance. The contracts between the insured and the insurance company listed in two categories. The "protection" seeks to provide benefits, where a number of predetermined and specified event. The premium for the direction of such a claim is usually a fixed amount. easier on the other hand, the "investment" policy to the growth of capital with the help of the regular premium.

There are other common forms of life such as isnurance whole life policies, universal life energy and the unit-linked life insurance. These are all tailored to the specific needs of individuals and the payment capacity of each. There are a number of private and state-run insurance agents and companies, individuals and families around the world meet. The recipient will be paid only after the death of the insured. The policy proceeds are forwarded to the person designated as the beneficiary owner of the policy. It is important to note that the beneficiary is not a party to the policy in any way. The owner has the right to appoint the receiver originally namedd change in policy if the policy differently.

In the case of support for the "irrevocable beneficiary designation" of the recipient to agree to changes in the securities or cash value policy, before any adjustments. The special rules for life, the suicide clause. This does not apply to all professions, if the insured commits suicide within two years after the adoption of the Directive. The "face" value of life insurance is the amount subject to the conditions and the approval of the policy at the time of death of the insured or the maturity of the policy. The insurance calculates the amount and price policy, the claim and the associated administrative costs to finance a total win. The cost of life insurance with a given life table, with reference to the actual situation.