life insurance

Long ago, life has been used to help save money for future use of the funeral expenses and help the family of the deceased. This was, however, only a limited number of "burial club" members of the Roman Empire. But now, 21st century, life insurance covers only the death of support, but almost all other charges as well.

This type of insurance is imported to the public access at the end of the seventeenth century. Since then, this trend has become very popular, and in fact one of the most common ways to protect yourself financially.

Common interests

Some famous uses of this life insurance policy to cover death benefits, such as funeral expenses, mortgage payments, replace the lost income that the family of the deceased by little, to pay the inheritance tax, the retirement benefits , and more.

How does it work?

Basically there are three parties to the agreement life insurance policy the insurer or the insurer, the insured and the beneficiary. Typically, the insured and the insured are the same person, but the important part of the contract is the beneficiary would receive insurance benefits after the death of the insured.

Having a life insurance the insured pays a regular premium to the insurer or the company in exchange for insurance coverage indicated is paid to their families or close relatives at his death.

Sort

the life insurance policy is divided into two different classes, life insurance and permanent life insurance.

Term life insurance is the basic form of life insurance policy. "Term" The word would be to explain clearly the role of this policy to cover a period of time, eg 5, 10, 20 or even 30 years as indicated by the insured. This policy protects the family and the assured, providing the money they can invest to replace your wages after his death. In short, this policy is a life insurance policy without taking into account the cash value.