this type of insurance provides survivors with means /cash/ or other benefits. They can cover expenses as funeral, burial, etc.

Annuities and pensions are called insurance, in case of outlive they are also sources of finance.

An adjunct to life insurance is total permanent disability insurance which provides benefit in case when insured person cannot work anymore in profession he or she worked before.

Life insurance can cover events as: accidental death, permanent disability, diagnosis of critical and terminal illness, etc.

There is difference between insurance and assurance. Insurance provides to cover events that might happen, assurance covers events that are certain to happen. Life insurance can be temporary or permanent. Temporary or term insurance protects client for a certain period of time which can be one year or more.

Permanent life insurance has got three types of insurance: whole life insurance, universal life insurance and endowment. Each of them brings advantages and also disadvantages. Premiums in this type of insurance are higher than in term insurance. Universal life represents great flexibility. Another very popular and quite new type of insurance is Limited-pay life insurance which is paid for certain period of 10 or 20 year, or paid up the age 65 or 70. Endowment insurance offers insurance which is paid out no matter if insured liver or dies after certain period /e.g. 20 years/ or certain age /e.g. 70/.

There is possibility to insure accidental death which is limited life insurance. It does not include suicide or health problem. This insurance covers accidents and they are not so expensive.