Condition Life Insurance Basics There is a lot of common points to recognise when you’re thinking of life insurance. When you’re trying to understand condition life insurance, you would like to be sure that you realize the basic principle of however these type of life insurance works. That way, you are able to be perfectly sure that you’ve decided the correct case of life insurance for you. Condition life insurance is the master form of life insurance. It’s believed to be a form of “complete” insurance.