Életbiztosítás

Életbiztosítás, or life insurance, is a contract between an insurer and a policyholder. The insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured's death, or upon a specific event such as terminal illness. In return, the policyholder typically pays a series of premiums. The primary purpose of life insurance is to provide financial protection to dependents after the policyholder's death, helping to cover expenses like funeral costs, outstanding debts, or lost income.

There are two main types of life insurance: term life insurance and permanent life insurance. Term life insurance provides coverage for a specified period, known as the term, and pays out only if the insured dies within that term. Permanent life insurance, on the other hand, offers lifelong coverage and often includes a savings or investment component, known as cash value, which can grow over time and be borrowed against or withdrawn.

The cost of life insurance premiums is influenced by various factors, including the insured's age, health, lifestyle (e.g., smoking habits), the type of policy, and the coverage amount. Policyholders can choose beneficiaries who will receive the death benefit, and these beneficiaries can be individuals, trusts, or even organizations. Life insurance plays a significant role in financial planning, offering peace of mind and a safety net for loved ones.