Aneka Info

Have you ever thought what will happen with your liabilities in the case of your death? Will your survivors bear the burden?

Why not make your life? Simply put, life insurance is a contract between the policyholder and the insurer the insurer, a predetermined amount in the case of death of the owner or another event such as terminal illness or critical illness numbers committed in.

How do you insure life? The policyholder undertakes a set amount known as premium at regular intervals or into lump-sum numbers. In fact, one can also assure the death just after funeral expenses, which are included in policy premium.

Protection can insurance plans or investment plans. While the former use in the event of the occurrence of a specific event are. The latter to facilitate the growth of capital by regular or single premiums. While whole life and universal life are the investment policy, a common form of the data protection policy is term insurance.

A difference between the insured and the owner of the policy there is no (policyholder), and the insured but although the owner more than often, that are the same person.

If a buys a policy on his own life, he is the owner and the insured. If A woman 'B' buys a life insurance policy for her husband, she is the owner and he is the insured. This simply means that the insured a participant in the insurance contract, but not necessarily a party it is.

In the case of a life insurance policy, the policy beneficiary receives proceeds in the event of death of the insured person. In cases where the policy owner is not the insured (also referred to as Cestui qui vit or CQV), want insurance policy purchases to those with an "insurable interest ' to limit the CQV."

Life insurance contracts are based on extremely loyal and believe. The single for the insured and the insurer his want to both accept that the other party in good faith is. Exclusions in the case of life insurance are death in the case of suicide, fraud, war, riot, and rebellion.