Insurance Life and Health allows the borrower (and / or his heirs) in the case of serious illness or death to get rid of the unbearable loan payments (loans), as lender protects against the risk of losing the loan issued.
Usually insurance cases are considered as:
- temporary disability associated with the disease;
- permanent disability due to disability or serious illness;
- death of the borrower.
As in the case of compulsory insurance, the list of items in the life and health insurance contract is very individual. When compiling it, many factors are taken into account – from the state of health of the borrower to his hobby.