Life Insurance for Education of MAPFRE establishes a series of requirements and restrictions that users must know to understand what their rights and obligations are when hiring the policy.
- None amount paid shall be subject to any claim by creditors or any other legal action.
- The policy owner has a grace period of 31 days in which he or she can pay any premium after the first.
- In case that the interest of all beneficiaries cease because of the death of the insured, any single benefits will be paid to the owner and if he/she were not alive, it will be add to his/her heritage.
- If any of the data on age and sex of the insured is incorrect, the benefits will be adjusted to the amount corresponding to the exact information.