Respuesta :
When you get life insurance, you are entering into a legal agreement with the business providing the policy in which you commit to paying a premium on a recurring basis and the business commits to paying a death benefit.
A contract for life insurance is made between a person and an insurance provider company. Under exchange for a quantity of money known as the premium, the insurance company promises in this contract to pay a beneficiary a certain sum of money, subject to certain restrictions.
You should be aware that a life insurance policy is a legal contract, just like any other insurance policy. In other words, it is a contract between the parties that states what the insurance provider will do in return for the payment.
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