How the Death benefit insurance is explained relatively simply in principle. If the insured person dies, the stipulated one becomes Sum insured to the bereaved or to the explicitly named Beneficiaries paid off.
In terms of product, death benefit insurance is one of the Endowment life insurance . With the difference that here the goal is not a later pension payment to the insured person, but one One-time payment in the event of death the insured person and the beneficiary.
Once completed, it does not matter when the death occurs (note waiting times!).
Online conclusion possible without any problems
At the conclusion, which incidentally, due to the simplicity of the product, without any problems be done online can (more on this below, incl. our recommendation ), you have to pay attention to who Policyholder is and who insured person .
Insured person is always the person who is responsible for the payment of the sum insured in the event of death. In other words, if this person (insured person) dies, the agreed benefit is due.
Of the Policyholder on the other hand, the choice is relatively free. This can also be the insured person or the spouse or a child. The same applies to the contributor.
In many cases, everything is always the same person, as it is often hidden from the family that one has taken out death benefit insurance. This is probably due to the fact that this is simply not a topic that families like to discuss. But families should possibly do more often.