What is life insurance to life insurance

Most people think that life insurance and insurance, are the same thing just with different names. However, this is not the case at all. Everyone has a very different role and different advantages and disadvantages. So be sure that a rights to receive, which actually is the best choice for you.
Life insurance is for a certain period of time. Only if you pass away during this time the insurance pays the company from the agreed to amount of money. If you survive the directive but, it expires and has no value at all. The only time when you use a life insurance policy that is, if you claim.
Life insurance is on the other hand, an investment and insurance. The directive will have invested in you a value that corresponds to an agreed numbers on scope, or you, depending on what is the highest value at the time of the claim. You have invested amount depends on how long have you had the policy and was paying premiums and insurance of the company's performance. Consider offense, while the directive is still in force, the insurance company of pays the higher value, will you be paid if you survive the directive, but sometimes more due to terminal with a bonus (explained later).
Each year, that the directive is in fact the insurance company the value of your policy, they are also often add an additional bonus at the end of the policy adds a premium amount. This means that your policy each year increases life insurance. Performance in the investment market, the amount you will be awarded determines the insurance company. These bonuses can with the insurance company in redeemed or sold to a specialist broker investment.
There is also the possibility of whole life insurance. There is no time limit (excuse the pun) for these policies. You will remain in effect for your entire life and pays the agreed amount or the value of the investment at the end of your life.
It is advisable that you consult with advisors (registered financial advisor) before moving forward and getting a life insurance or life insurance policy, what will be best for you. For older people or people with high risk of jobs can it more would make sense to take out life insurance, while those, the relatively young and are careful more of life insurance benefit. It is all dependent on your lifestyle and what is your life expectancy.
Life insurance also tend to be more expensive than life insurance, but pays off more, if the directive expires as life insurance. So, take time to think long and hard about, and choose the right option for you. Which you choose depends on your income and settings. I personally would take from life insurance but that's just me, you decide for yourself.