Life insurance - usage in practice

First part of this work introduces the history of life insurance, the division of life insurance and legislation of insurance in the Czech Republic. Another part is devoted to the advantages and disadvantages of life insurance. Furthermore, life insurance is compared as protection and as saving or investment. In this context, attention "TANK" indicator. Another part of the work deals with the development of life insurance. In part that concerns the simulation of life insurance in the other life-cycle of the clients there are described three situations according to the age of the client: a 20-years old client, a 40-years old client and a 65-years old client. The conslucions of this work was to show practical examples of advantages and disadvantages of life insurance, its practical application in practice and compare in this context, term insurance and unit link insurance