Insurance Products

Following the development of the series Concepts of Finance, today we will talk about life insurance. This type of insurance are quite common among us, because it is used as indemnity coverage for beneficiaries in the event of death of the beneficiary or to guarantee payment in some cases.

This type of insurance are regulated and covered by Law 50/1980 of insurance contracts, the same application to be so or else the commercial legislation. It defines a life insurance contract to the different types of policies covering all risks that may affect the life, physical integrity or health of the insured.

The intrinsic feature of this contract damages because the insurer undertakes, by charging the Read the rest of this entry »