What is term life insurance?
Term life insurance (also called life insurance or pure life insurance) is insurance that covers the financial risk of death. It takes over if you die due to illness or an accident during the term of the insurance. In this case, the beneficiaries you have chosen receive the insured cash benefit, the so-called sum insured (also known as the lump sum on death). Beneficiaries are mostly family members, business partners or lenders, at EmmaLife you can freely choose them.