Question

An insurance contract promises to pay benefits based upon a future uncertainty such as death, or illness describes which feature of an insurance contract?

Answer 1

The feature of the insurance contract that is being described above is the aleatory contract. It is the type of contact where the individual that has been involved can't handle or control the event that could happen to him or her. It is a way of having uncertain events happening in the individual such as death or natural disasters that she or he could face.