Term Life Insurance represents the traditional life policy for individuals, designed to protect third parties—freely designated by the Policyholder—against potential debts or financial exposures. Indeed, it guarantees a capital sum in the event of the Insured's death. Should this event occur before the expiry of the contract, the insurance company undertakes to pay the Sum Insured to the beneficiaries designated by the Policyholder.
Coverage of potential inheritance costs (succession duties), tax advantages, and protection of heirs against debts and financial liabilities.
