Life Insurance - Survival
They guarantee the payment of the sums insured agreed if the insured lives from a certain date. They are life insurance in which the main objective is long-term savings, linked to the insured's survival.
These manage and invest the savings to the insured, in the medium and long term, and, in many cases, are designed to complement retirement.
Insurance in Case of Death
The obligation of the Insurer is subordinated to the death of the insured are insurance focused on pure risk, without any component of savings.
The purpose of these insurances is to guarantee capital or settle outstanding loans or credits or help the family to maintain the standard of living that it had before the death or disability occurred, provided that it is contracted as a supplementary guarantee of the insured.
This generic denomination includes all the modalities that result from the combination of insurance in case of death and life insurance.
In general, they are complemented by a Risk Insurance, which provides a guarantee in case of death or total and permanent disability of the insured.