All About Life Insurance

All About Life Insurance

    With Life Insurance, a certain amount is paid in advance and when an unlucky event occurs, the insurer pays you or your loved ones a sum of money. It is concluded as: risk insurance - in case of death; savings insurance - payment of the total amount of premiums you have paid during the term of insurance if you reach the age specified in the contract. An insured person may be a person who is 14 years of age and not under full restraint. There are several types of life insurance: Но Mutual insurance - spouses, relatives, partners are insured in a company;  Group insurance; Върху Insurance on another person; Определя Third Party Beneficiary Insurance. Life insurance must be written in writing and must have a statutory content. An insurer has the right to refuse to compensate you when you attempt to commit suicide, the unfortunate event is the result of a war, a terrorist act, or it is the result of a crime of general nature. You can terminate the insurance contract in writing upon its conclusion for more than 6 months, but within 30 days from the date on which it was concluded. All the amounts you have paid so far, you are entitled to receive back. If a purchase clause is included in the insurance contract, you are entitled to receive a certain amount in case you need funds. The insurer has 15 business days to pay the redemption value. The contract is considered terminated upon receipt of the amount. You may benefit from this clause after at least 2 years have elapsed since the entry into force of the contract and you have paid all premiums for the period.