This insurance tool can be useful to everyone if used properly.
1. To a family man with a mortgage loan
The person may die, but the debt will not go away. As a result, the family will either suffer painful savings by paying the mortgage, or lose the apartment, which will be sold to repay the bank. Insurance can help prevent this from happening.
In addition, the policy usually helps reduce the interest rate on the mortgage. However, you should understand that insurance when taking out a loan may not be mandatory.
2. Traveller .
Life and health insurance when traveling abroad. This will help not to spend a fortune, for example, on the repatriation of the body. In addition, the policy is mandatory for obtaining a visa to a number of countries
3. А young family.
In this case, it’s worth choosing savings or investment insurance. If something happens to you, the family will get the money. If everything goes well, you’ll get the money yourself and spend it, for example, on your child’s education.
LIFE INSURANCE AT THE CONCLUSION OF THE LEASING CONTRACT
Life insurance in America is just gaining momentum. Now more and more citizens are ready to accept life insurance. So if we are willing to insure property, why not insure your life? When concluding a leasing contract you can also take out a life insurance contract.
Our managers will help you choose an insurance option that is convenient for you. Customer life and health insurance is a guarantee of cash savings at the expiry of the contract, and if an insured event occurs, the insurance premium will be many times higher than the cost of the insurance itself.
An insurance contract allows you to feel confident in any life situations and not to worry about the future of your family.
LIFE INSURANCE TYPES
There are four types of life insurance: temporary, life, risk and mixed.
Temporary insurance. It is concluded for a certain period of time. The insured event is the death of the insured person for any reason. Premiums are paid periodically.
Lifetime insurance. It lasts throughout the insured person’s lifetime and is open-ended. Life insurance provides financially for the insured’s family, helping to avoid high tax rates and to build up existing assets in the event of death. Premiums are one-time or payable periodically. It is used as one way of transferring an inheritance or as a way to financially support relatives after the death of the insured.
Risk Insurance. This type of insurance is similar to life insurance, in case of an insured event, a certain cash payment is paid. Risk insurance protects the insured person from various risks: in case of disability (disability of a certain group), diagnosis of a serious illness, hospitalization, surgery, injuries. This type of insurance helps get the amount of money in a lump sum. Typically, premiums range from 2 to 5% of the sum insured, but may vary depending on the sex, health status, and age of the insured.
Mixed insurance. This is a type of insurance which combines insurance against several risks: death, survivorship, accident, illness, disability, etc. It is concluded for a long period (from five years) in order to accumulate a certain amount of money. The premiums are periodic or one-time