Briefly describe the classification of life insurance

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The classification of life insurance is mainly the following five, the following is a brief introduction:

1, term life insurance. Term life insurance means that if death occurs during the term of insurance, the beneficiary of the death is entitled to receive the insurance benefit. If the insured is still alive during the validity period of the insurance, the insurance company will not pay the insurance benefit and will not return the insurance cost. Life insurance product information

2, whole life insurance. The liability of whole life insurance is from the commencement of the insurance to the death of the insured.

3. Pension insurance. Pension insurance is a special form of insurance that combines survival insurance and death insurance. It means that whether the insured person dies during the insurance period or survives until the expiration of the insurance period, he or she is entitled to receive pension insurance benefits.

4, survival insurance. Survival insurance is the insured must survive until the end of the insurance period specified in the policy, in order to receive insurance benefits.

5, life and death insurance. Life and death double insurance is that during the effective period of the contract, the insured person either survives until the expiration of the insurance period or dies, you can get the corresponding insurance benefit.

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