Life Insurance

Insurance of limit: the insurance of life insurance for a specific limit of the years for a specific premium envisages. The policy does not accumulate the money value cash. The limit is generally considered pure insurance, where the premium buys the protection in the event of death and of anything else.

There are three key factors to consider in the temporary insurance:

1. Assured capital (protection or death benefit),
2. Precede to pay (cost with assured), and
3. Length of insurance (limit).

Various temporary insurance of sale of insurance companies with much of various combinations of these three parameters. The assured capital can remain constant or decrease. The limit can take place during one or more years. The premium can remain level or increase. A common type of limit is called the annual renewable limit. It is a one year old policy but the guarantees of insurance company which it will publish a policy of equal or little quantity without concern of the assurability of assured and with a whole of best quality for the policy-holders the 'age of S at this time. Another common type of temporary insurance is a mortage insurance, which is usually a premium of level, decreasing the policy of face value. The assured capital is designed to thus equalize the quantity of the mortgage on the residence of the owner of policy the mortgage will be paid if the policy-holder dies.

A policy-holder ensures his life for a specific limit. If he dies before the specific limit is in rise, its field or recipient called receives a disbursement. If he does not die before the limit is in rise, he does not receive anything. In the past these policies let us almost always exclude the suicide. However, after a certain number of judgements of the Court against industry, the disbursements occur on death by suicide (probably except in the not very probable case that it can show that the suicide was right to draw benefit from the policy). Generally, if a person of policy-holders makes the suicide in the first two contractual years, the insurer will return the paid premiums. However, a death benefit will be usually paid if the suicide occurs after the two years period.