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life insurance

Life Insurance

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 payment .


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