LIFE INSURANCE - Pure-Risk Cover

Sold by GENERALI PHILIPPINES on B-Hive Connect.

Minimum order quantity: 1

Pure-risk life insurance provides financial protection through survival, death, or mixed benefits, ensuring coverage based on specific life events. Pure-risk life insurance policies can be classified into three main categories, based on the type of event they cover: Survival Benefits, providing a payout - either a lump sum or an annuity - if the insured person is still alive on a specified date. Death Benefits, offering financial protection in the event of the insured person’s death. The insurer agrees to pay a lump sum or an annuity to the beneficiary if the death occurs within a specified term, or, in some cases, regardless of when the death occurs (whole life coverage). Mixed Life Insurance, combining both survival and death benefits. For example, the insurer may guarantee a payout on a set date if the insured is still alive, or earlier, if the insured passes away before that date.

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