Purchase life insurance, it provides a cash benefit to a decedent or to other designated beneficiary by receiving a policy and paying a premium for it.
The risk assumed by the insurer is the risk of death of the insured. Life insurance can be divided into two basic classes, Temporary and Permanent.
When you purchase life insurance you have to know that there are three parties in every transaction: the insurer, the insured, and the policyholder (or owner).
 You must know some terms:
 -The insurer is the one that covers the premium’s amount of the policy in case of claims.
 -The insured and the policyholder are often the same person.
 -The policyholder will designate a beneficiary to receive the policy proceeds upon the death of the insured.