life insurance: Who are the stakeholders?

life insurance: Who are the stakeholders?

On a life insurance contract involved the insurer, the policyholder, the participant, the insured, the beneficiary life, (s) recipient (s) death. Find below more information on these stakeholders.
Through


Depending on the different legal structures of life insurance contracts, and membership subscriber identity will differ. This distinction will in particular between individual contracts and collective agreements.
The insurer

The insurer is approved corporation whose role is to define and manage the risk to human lifespan. This takes the form of a guaranteed capital or in the case of life or upon death of the insured. Insurers are directly attached to the Ministry of Economy and Finance, and are represented by the FFSA (French Federation of Insurance Companies) for commercial companies or GEMA (Association of Mutual Insurance Companies) for mutual societies .
The subscriber

As part of individual life insurance contracts

The subscriber is the contract holder (the client). The life insurance contract is a clean well the subscriber. As such, he and he alone has the ability to designate beneficiaries for death he wants. He holds exclusive manner the ability to manage his contract as he wishes. He is the only player to be able to make tradeoffs on his contract, request the total redemption or partial withdrawal, advance, etc ... It is also the premium payer. He alone can thus make payments on his contract. Therefore being the holder of the contract, he also has a right to information on his contract at any time.

Within the life insurance group contracts

The subscriber is the entity subscribing the contract on behalf of its clients (which will therefore be members). Thus, the subscriber must a corporation, set the rules for membership. Similarly, the insurer can not change the terms of the contract without the consent of the subscriber. In collective agreements, it is the Participant holding the prerogatives of subscriber individual contracts.
The member

In individual life insurance contracts, the customer is subscriber-insured. The two are so linked.

In collective life insurance contracts, the customer is assured adherent-separate from the subscriber. The two are so different.
The insured

This is the natural person (mandatory) on the head of which rests the risk of the human lifespan. The insured has no special prerogatives on the contract. All individuals can not have quality assured.

Three categories will be excluded:

    minors under the age of 12
    legally incapacitated
    persons placed in psychiatric institutions.

If the beneficiary of life

This is the person intended to receive the capital at the end of the life insurance contract.
The beneficiary in case of death

Its role is to collect the capital in case of death of the insured. The beneficiary in case of death being THE centerpiece of the chessboard of life insurance.
Terms and specificities

Policyholder / insured

    Physical person
    individual
    major
    able
    French and abroad *
    contract: clean domiciled in France
    signatory of the subscription check
    can not change

* Conditions

Beneficiary

    natural and legal persons *
    various *
    born or unborn
    can change
    can accept *
    in cases of life of the insured at the end of the contract *
    in case of death of the insured during the contract