LIFE INSURANCE GUIDE

The life insurance is a product that provides extra income to the household, in case of death of the policyholder. 

The life insurance are chosen by those who want to invest or think about the debts of estate taxes will have to pay your family in case of death. It is a way to give to family economic independence in which case the policyholder dies with the consequent disappearance of their monthly salary.

What role do you set the premium life insurance?

The share premium or life insurance depends on several parameters, among which especially the health of the insured, your lifestyle (if you smoke, practice sports ...) and to receive compensation in case of death of it.

What coverage provides life insurance?

Within any insurance must differentiate what are the mandatory coverages (common in all policies of a particular type, regardless of the entity with which the contract) of additional coverage (varies depending on the insurance company and usually the cause of the price premium varies).

In the case of life insurance, compulsory coverage is one that guarantees the payment of capital employed in case of death of the insured .

Among the additional coverage , include:
- Permanent disability and absolute
- Serious illness
- Service Agency: estate, inheritance and gifts
- family legal advice, etc..

How long protection offered conventional life insurance?

Traditional insurance offers protection for a fixed term, which is defined at the beginning of the contract.

What is permanent life insurance?

A type of life insurance , also considered a financial product because it is an economic investment that offers returns like a deposit or an interest bearing it were, with few differences.

Unlike conventional life insurance, the permanent life insurance  also offers protection, accumulation of savings or investment.That is, some economic return that can benefit the borrower throughout his life.  

With a permanent life insurance if the insured dies, we must distinguish two types of capital:

1. The value of the policy, payable to the beneficiary of the same
2.  Amounts accumulated in the savings plan, you can have in life of the insured and are not payable on death to the beneficiary. If the insured's death before transferring the policy to another person, may dispose of the money accumulated.

What is burial insurance?

This is insurance that includes coverage of all funeral expenses from the coffin, the funeral home, cremation, ceremonies, crowns, the obituaries in the press until the repatriation of foreigners in the case of natural death.
In a principle, it is advisable to hire you if you are under 40 years, and eventually paid more than they represent the funeral expenses, but we must not take too long because there are recruitment companies who refuse to age 65 or 70 years.

If you have a life insurance with broad coverage, it is not necessary to hire a specific policy of deaths.

source: segurosmagazine

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