Term Life Insurance
term life insurance
is a protection insurance which aims to ensure a capital or an annuity contract to beneficiaries designated by the policyholder in the event of his death.
Temporary death also guarantees income in the event of the subscriber's disability. The contract is only valid for a specific period.
Term Insurance END Period
When the insured is alive at the end of the contract, the insurer must pay him the savings constituted according to the terms set by the contract.
The insurer has a
period of 15 days
from the end of the contract to ask the insured for all the documents necessary for payment.
Payment must be made within
of receipt by the insurer of all the documents required for payment.
Beyond this one-month period, unpaid sums automatically generate interest at double the legal rate for 2 months then, at the end of this two-month period, triple the legal rate. .
contracts can be renewed at the end of the term, consult the general conditions of your contract or ask your advisor for more information.
Permanent life insurance provides protection for life. It is more expensive than term insurance. swipe up for more about insurance policy and term insurance in details.