Life insurance simply is a contract between the policy owner and the
insurer , where the insurer ( the company ) agrees to pay a sum of money
upon the policy owner's death . in return , the policy owner pays a
certain amount ( premiums ) .
premiums should be payed to the insurer at regular intervals .
life insurance policies should cover the death , accidental death of the
policy holder , however the policy doesn't cover the commit suicide .
upon the policy holder's death , the insurer requires acceptable proof
of death before it pays the the value of the policy .
if the the policy holder's death is suspicious and the amount of the
policy paid by the insurer is large , then the insurer has the right to
investigate the death circumstances before it takes the decision of