An Assurance vie or life insurance is a contract between a policy owner and an insurance company.  In this contract the insurer or the insurance company agree that they will pay an amount of money if the person insured dies or under circumstances like terminal diseases. And in return, the insured person pays the amount agreed upon them.  In the event of the insured person’s death, beneficiaries can get insurance claims but they are required to give an acceptable proof of death.  Proof of death could be in the form of death certificate or an insurer’s claim form.

A placement assurance vie or an investment life insurance is an insurance often used as an investment for one’s retirement.

Mortgage insurance or crédit immobilier is an insurance policy also known as mortgage guaranty.  Here, investors and lenders are compensated for losses that are due to mortgage loan default.  This kind of insurance could be public or private depending on the insurer’s choice.  This policy is known widely as mortgage indemnity guarantee of MIG.  The borrower pays the premium and lender is the beneficiary in mortgage insurance.  The lenders are protected against the borrower’s default.  If the borrower stops paying the mortgage, the lender is still ensured by the insurance company that they are paid in full.