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What is life insurance
Life insurance is an insurance contract concluded between the owner of the insurance policy and an insurance company, in which it is agreed that the insurance company will pay a certain amount of money in the event of the death of the policy holder to his heirs or the beneficiaries chosen by the insured, and the policyholder is obligated to pay an amount of Money in monthly subscriptions, monthly installments, or an amount of money all at once.The contract specifies the validity period of the contract, and it is usually agreed in the contract on the amount that the company will pay to the heirs or beneficiaries in the event of the death of the policyholder, and the policy may contain additional contracts or additional benefits that include disability, disability and serious diseases, or be a plan to ensure university education for children or any goals Or other programs.Types of life insurance 1- Life insurance only, and this type of contract includes that the insurance company p...
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