What is life insurance and for whom is it suitable?
The primary purpose of life insurance is to provide for your loved ones who depend on you financially and need a financial cushion. Life insurance protects you in the event of death, very serious illness, long-term disability, disability, accident and other risks. It can help cover a drop or loss of income after an illness or accident. So your life is protected by far more than just accident insurance. Insurance is designed for individuals and entire families, including children. Life insurance can also be used as an employee benefit, an employer contribution. Life insurance can be used for tax benefits. As far as risks are concerned, all risks can be insured on both types of insurance. One can insure individuals, entire families including children.
Life insurance types offer combinations.
Life insurance – tax benefits, employer contribution, savings can be used.
Life risk insurance – no tax benefits, no savings, no employer contribution, client pays only for risks and nothing else. In most cases it works out cheaper.
Insurance for the responsible
Life insurance is suitable for those who provide for themselves and their family with their income, and whose loved ones might have financial problems in the event of a shortfall (for example, due to a high mortgage payment or running costs). A “life insurance policy” can be an effective tool that provides insurance protection due to long term, short term shortfalls in income and family security. In addition, the product can be tailored through a variety of add-on policies – these can cover for death, very serious illness, long-term disability, disability, accident and other risks (more below).
Life insurance is valid from the date specified in the contract, or immediately after payment of the premium. Always check the territorial validity of the policy in the policy conditions – some products are valid if the insured event occurs anywhere in the world, others are limited
to the European Economic Area or the Czech Republic.
What should I choose a life insurance policy based on?
When comparing life insurance policies from different institutions, you should look not only at the price, but more importantly at the range of services and cover. It depends a lot on which type of insurance you choose and what you expect from it. Before taking out the policy of your choice, read the terms and conditions carefully and pay attention to the waiting periods for individual risks, the pricing tables in the event of an accident, which also tend to vary, and the exclusions. The cheapest insurance does not mean the best and most advantageous insurance.Some insurance companies will pay the full amount of the insurance, others will pay 50% and the rest only after a certain period of time.
Choose life insurance online
The range of life insurance is really wide and it can be time consuming to choose the right product. We will provide you with a no-obligation tailored quote based on your online or telephone enquiry, explain the terms and conditions and guide you through the process of arranging the best life insurance policy for you.
How do I arrange life insurance online?
1. Fill in our enquiry form – life insurance calculator. We’ll need your name, surname, phone and email, and for an accurate calculation, your age, gender, health and a list of your professional sporting activities.
2. A member of our staff will send you a tailored quote by email.
3. You can arrange your chosen offer over the phone and pay by credit card online. All documents will be sent to you promptly by email or post.
In the opposite case, read our article on when and how to cancel life insurance.