What is a insurance of life?

Life insurance

Life insurance can be contracted to cover the death of the policyholder or for him to obtain a return on his money.
There are 2 types of Life insurance: Life Savings and Life Risk.

Life insurance is the provider of protection against the death and disability of more than 30 million Spaniards. A third of them have it contracted individually, and the rest as a collective insurance hired by their company or for several members of the same family. It is an insurance product that is very widespread due to the help it represents for relatives and relatives when the policyholder dies or becomes disabled, especially when they depend directly on their income or are linked to a loan of any kind.

At the time of contracting a life policy, as well as to subscribe any other insurance, it is important to have clear questions such as what life insurance is, what types exist, what they cover, who contracts it and where.

What is a insurance of life?

Life policies are part of the insurances called for people and consist of the payment of a previously stipulated premium to be able to receive in case of death or disability an amount that covers the lack of income of the insured.

The amount of the premium that the insured faces depends on the risk and the monetary amount that he wants to receive in case of disability or that his beneficiaries receive in the case of his death. In addition, that final compensation of the policy can be received in a single payment or as an income, as desired by the insured or its beneficiaries.