For life insurance the insurer undertakes, on payment of the premium stipulated and within the limits of the law and the contract, to meet the beneficiary a capital, income or other benefits agreed in the event of death or survival of the insured, or both events together.
The life insurance may be stipulated on your own life or that of a third, both on death and survival to a stipulated or both, and on one or more heads.
Life insurance are those which, fulfilling the provisions above, the service agreed in the policy the insurer has been determinadapor using criteria and actuarial bases.
