ARRANGE LIFE INSURANCE ONLINE
While setting up and arranging a policy may seem complicated, it’s actually easy. Our life insurance calculator can help you get started. Simply enter the details you need, submit them and then choose the best deal.
My insurance company offers life insurance. Should I take advantage of it?
We definitely recommend that you don’t nod at such an offer straight away. Life insurance is a long-term product, so think carefully about your choice. In general, it is usually worth not accepting the first offer.
There are big differences between insurance companies in terms of coverage and price. If you want to get the best value life insurance, you should ask for help from a specialist who does not work for any of the providers. He or she will prepare a comparison of offers and you will choose the best one.
When should I take out life insurance?
In general, the sooner the better. The older you are, the more expensive the insurance will be. In addition, there is a risk that you may, for example, get a serious illness before then. And if you take out insurance after that, the insurance company won’t cover you against that illness. So if your condition worsens over time because of the illness, you won’t get any money from the insurance company.
How long should I take out insurance for?
So that you are covered while you are of working age. In such cases, the policy will help you deal with any loss of income. Similarly, think about the term of your mortgage and other liabilities. If you have an accident or become seriously ill, the policy will help you pay them off. Therefore, adjust the duration of the insurance to the duration of these obligations.
If you have young children, also think about making sure they are covered if something happens to you. At least until they graduate and are on their own.
This is why most people take out life insurance until retirement age. But for individual risks, you can set up individual terminations to suit your needs.
What is the best life insurance?
There is no simple answer to this question. It always depends on your needs and how much you want to pay for insurance. But we’ll be happy to advise you. Contact us, describe your requirements and we’ll find you the best deals on the market.
I had an accident and the insurance company sent me a claim. Do I have to tax it?
No. You don’t tax the money you received from the insurance company as an insurance payout.
I have an endowment life insurance policy, is it worth it?
Most of the time, no. Endowment insurance is an outdated and non-transparent product that is no longer offered in the market. Clients were supposed to get a guaranteed agreed amount from the insurance company if they lived to see the day.
The problem is that with this product you were hardly insured. Moreover, the expected return was quite low and threatened not to cover inflation. At the same time, this insurance is quite expensive. We therefore recommend that you consider whether it is worth cancelling this policy and investing the money in a more suitable product.
If you don’t know what to do with an endowment life insurance policy, contact us. Together we’ll look at how it’s set up and advise you whether you should keep it or cancel it instead. If this is the case, we will also be happy to prepare a life insurance comparison for you and together we will choose the most suitable one. Source: https://www.banky.cz/zivotni-pojisteni/?ref=copy