May 10th, 2010 
youhan Term life insurance provides coverage for a assigned term of years in exchange for a designatied premium. The policy does not accumulate cash value. Term is Ordinarilly thought over pure insurance, buy protection for the premium in the event of death and nothing else.
Nominal value (protection or death), payment of the premium (cost of the insured), and duration of coverage (term).
Many insurance companies sell term insurance with many different combinations of these three parameters. The nominal value may remain constant or decrease. The term is for one or more years. The premium can remain level or increase. A common type of term is called to be renewed annually. It is a policy of one year, but guarantees the insurance, a policy of equal or less independent of the insurability of the Insured and a premium volume at the age of the insured at the start of supply. Another common type of term insurance is mortgage insurance, which usually has a fixed premium, the policy of reducing the nominal value. The nominal value will be equal to the mortgage on the owners’ policy, by means of which the mortgage if the insured dies paid.
The owner of the policy insured his life for a while. If he is against this concept, property, or the name of the recipient dies receives a payment. If it is before the term to die, gets nothing. In the past, this policy has almost always ruled out suicide. But after a series of adjudgements against the industry occur, payments in the incident of death by suicide (presumably except for in the unlikely event that it can be shown that suicide was just policy advantage). In general, if an insured commits suicide within the first two years of the policy, the insurer paid the premium back.
However, usually a death benefit is paid if the suicide occurs after two years.
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