The list of services of the insurance companies offered for today “covers” almost all cases of a life. At the same time there are new products (for example, urgent life insurance) which cause the increasing interest among our compatriots. That in general and it is natural, considering both increasing solvency of the population and dependence on different everyday disorders.

Urgent life insurance differs from memory life insurance known for all. But to understand nuances of the given kind of insurance services we will address in the law letter to find out features of life insurance as a whole.

Life insurance

According to the Law “About insurance” it is one of kinds of personal voluntary insurance. Such kind provides a duty of the insurer to carry out insurance payment according to the insurance contract in the several cases defined by the same contract. Speech can go about a case of death of the insured person; about a situation when the insured person has lived before the termination of period of validity of the contract of insurance and (or) has reached the age defined by the contract; about accident with the insured person and (or) his illnesses.

Let’s remind that the concept “insured event” means “the event provided by the contract of insurance or the legislation which has occurred and with which approach there is a duty of the insurer to carry out payment of the insurance sum (insurance compensation) to the insurer insured or other third party”.

And if to speak about urgent life insurance one – death of the insured person from illness or the accident can be insured event here only, happened during a validity. After all simplicity of the given kind of insurance also consists in that the client never receives money. Except for a variant when at the contract conclusion possibility to receive a part of the insurance sum on a case of physical inability of the insured person or a serious illness will be designated. But such cases make a reservation, if the insured person has credit obligations to bank. Accordingly and payments will are listed bank instead of the client.

The death of the insured person during a validity urgent with insurance of lives can be insured event only.
Thus hardly the insurance company recognises as insured event death owing to AIDS or venereal diseases. Besides some companies even warn that will not pay the insurance sum if the death of the person has attacked an extent of the first 3 months of a validity of insurance. So it is necessary to be extremely attentive reading offered conditions.

For them the door is closed.

More often the insurance companies accurately enough limit the list of persons with which can sign the contract of urgent life insurance. So, to within 100 % it is possible to guarantee that the persons recognised when due hereunder incapacitated, invalids І – ІІ groups, and also those who are on the account in narcological, tubercular and psychoneurological specialised clinics or the centres on preventive maintenance and struggle against AIDS do not become clients.

Moreover each client wishing to conclude the contract of urgent life insurance should pass medical examination. On its basis the insurance agent and the client can be defined with nuances concerning the size of the insurance sum and contract term.

In attention the age of the client undertakes also: a minimum – 18 years, each company establishes a maximum independently. Some agents agree to conclude the contract only with persons to 65, others without problems will talk about possibility of registration of the policy of urgent life insurance and with the client is elderly till 85 years. Though last variant practises abroad – Japan, the USA, Canada.

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