Life insurance is an agreement between the insurer and the policy under which the contracting entities, which are usually insured, guaranteed by your death, the insurer in favor of the beneficiary upon your death. The policy of gradually contracting to pay the allowance to pay the insurance premium. Prizes will be awarded either on a monthly basis or a lump sum. Define a policy for reporting on the life of life insured. The agreement between the owner and the insurance part of the activities of political life. After the death of the insured event, usually covered by insurance. Several other developments in the political life of sickness, accident and premature death.
Terms of the insurance contract, as a rule, duties and obligations of the insurer-payer policy. Exceptions are in the contract to limit the scope of life insurance purchased by the owner.
Based on the life insurance policies can be divided into two areas: protection of the safe investment. Term life insurance is an example of cover. In this system, only for a certain period of time, and is covered by insurance. In the case of certain events, the beneficiaries of insurance policies will pay claims. Total life insurance is an example of investment insurance. In this policy, the insured will be covered by insurance throughout their lives. In the event of your death, beneficiaries will pay in the event of death.
People who are under contracts of insurance, the insurer, the policy owner, insured, and beneficiaries. The insurer is the party that pays for the death of the beneficiary in case the insured dies. The owner is also the policy of the insured person. In some cases, however, this policy is the only owner of the buyer, insurance and the insured person who is the payer policy. For example, a woman is buying insurance for her husband. The husband is the insured, while the woman, political organizations, since it is the person responsible for payment of monthly insurance premiums. Recipients benefit from death in the disappearance of her husband - the person insured. The beneficiaries are usually relatives of the insured to receive insurance payments in case of death of the insured person. Recipients may be individuals or organizations.
In general, the cost of life insurance policies, contracting organizations on the basis of insurance in the calculation of insurance, taking into account the price of the financing of insurance claims for payment, administrative costs and benefits of a person. The cost of insurance is typically based on mortality tables, which actuaries. These actuaries are responsible for the calculation of actuarial tables, using a science based on probability theory and statistics. Life expectancy is also important for calculating the cost of insurance.
The emergence of the death of the insured, the beneficiaries receive benefits from the death of his proof of death. Life insurance companies are often the death certificate and insurance payments to beneficiaries of insurance benefit. In some cases the insurer to investigate the suspicious death of the insured to determine whether they are forced to pay a death beneficiary.
Life - Understanding of life
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