Description

Life insurance is a financial product that provides a monetary benefit to designated beneficiaries upon the death of the insured individual. It is often used as a means of financial protection for families and dependents. This type of insurance can also include additional features such as cash value accumulation.

Interpreter Notes

Interpreters should be aware that the term 'seguro de vida' may be used in various contexts, including financial discussions and estate planning. Avoid colloquial terms like 'póliza de vida' as they may not be understood universally. It is important to maintain a formal register when discussing this term.

Example Sentences

EN: Many people purchase life insurance to ensure their family's financial security after their passing.

ES: Muchas personas adquieren un seguro de vida para garantizar la seguridad financiera de su familia tras su fallecimiento.

Common Interpreter Mistakes

Confusing 'seguro de vida' with 'seguro médico'; misinterpreting the financial implications of life insurance; mixing up terms related to different types of insurance.