What is mixed life insurance?
Mixed life insurance provides for the payment of the sum insured to the insured person if he survives until the expiration of the insurance contract or the payment of the sum insured to the beneficiary (heir) in the event of the death of the insured person.
So, for example, with life insurance for a period of 10 years, the insured person receives the insurance amount in case of surviving to the end of the contract (10 years) or his beneficiary receives a one-time insurance amount in case of death of the insured person for 10 years.
