Life Insurance Policy ( Disability & Death)

The life insurance policy is an option that covers potential claims personal as the death or disability. Few people who contract this type of insurance directly, it is always the obligation that we create a bank to hire a mortgage or because it comes linked to a credit card, but every day we think it's important to have this coverage by the mere fact that not only covers our demise paying a debt or helping our heirs, but because if we suffer a loss unfortunately the person suffers a disability that we also covered.


Exist within the life insurance policy several options, among which we highlight certain death or total disability insurance temporary or permanent. We will explain the simplest way possible the meaning of these two variants of the life insurance policy.

Death

The life insurance policy for death cover the loss that occurs as a result of the death of the contractor, his heirs being compensated in the case of a mortgage covered by this insurance, you pay the outstanding mortgage, any extra a number derived from the payment was available to their heirs. Imagine a mortgage for € 100,000 of which € 25,000 has been paid, pending payment when the accident happens € 75,000. The insurance company paid the bank € 75,000 housing being free and the remaining € 25,000 to the beneficiaries or heirs.

A very important point of these insurance policies is in the event that we divorce or split up and the recipient of our policy is our spouse, we should change it. If we have paid our mortgage, we should also make the change of beneficiary, are points that we can always change our policy because it does not affect us in shape, or condition. Know if the beneficiary is not correct there may be problems in changing our policy.

Death and disability

On the other hand we could hire the insurance policy for death and disability . This insurance policy covers not only the death but the total or partial disability , so the compensation will be effective in either case, may receive compensation various forms in a single payment annuity, in installments, and so on.

Although in the latter life insurance policy we have to distinguish the form of decreasing term life, this insurance is typical mortgage, paying down credit annuities unanimously with the mortgage, as this leaves paying.

Among the golden rules of any life insurance policy, clinical analysis highlights that the insurance company is the right to make your customer before engagement, from within the company, after making these checks the company can support or deny our request. You should also know that to access the payment of the claim must be current on payments policy.



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