Forms of life insurance

Forms of life insurance

Classification of forms of life insurance:

on the date of insurance services:

endowment insurance;

Life insurance for a period;

Life insurance in the payment of the sum insured by the deadline;

in the form of insurance coverage;

insurance firm established sum insured;

insurance with participation in profits;

insurance with decreasing sum insured (reduction of insurance premium);

insurance with increasing the sum insured;

by type of insurance compensation;

life insurance with a lump-sum payment;

Compensation in the form of rent;

annuities;

depending on the insured life;

contracts in respect of private life (when the person insured and the insurer);

contracts in respect of another person (when the insured and the policyholder are different persons);

joint life insurance contracts on the basis of the first or second death.