The 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. What happens to term life insurance at the end of the term?
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 one month of receipt by the insurer of all the documents required for payment. For more details you can click below.