This paper is intended to critically study and analyze the life insurance group debtors contract. First, this contract will be conceptualized taking into account the different doctrinal and jurisprudential positions in this regard; second, the duty of information that the bank must have with the policyholder will be tackled; third, the possible abusive practice in the payment of the insurance premium will be analyzed; fourth, the issue of the legitimacy of non-beneficiary third parties to demand compliance with the insurance contract will be addressed; Finally, conclusions will be presented.