The Importance of Hiring Life Insurance
The Importance of Hiring Life Insurance
We don't want to think about age, but when the time comes for us to stop we need to clarify some important questions when hiring life insurance.
42% of Spanish over 25 years old claims to have contracted some type of life insurance: 16.7% linked to a mortgage and 25.3% "open market", without linking to any type of financial product, according to the Institute of Sociological Studies and analysis Research.
First of all is to know what is a life insurance?
Life insurance is a private insurance that covers the economic risk that the family runs when the insured dies or their survival at maturity.
Choosing life Insurance carries a responsibility and is not simple; For this we advise professionals as in improving your insurance
When you make a life insurance you have to take into account some data such as the number of children and if they are in charge. There are many types of life insurance, here we will analyze a few.
- Temporary life insurance: The insurance company only pays the agreed amount if the insured dies during the term agreed in the Life policy contract.
- Ordinary life insurance: through a premium payment this insurance protects the insured all his or her life. The constant payment of these premiums is required.
- Total Life insurance: The insurance company will pay the agreed amount at the end of the contract term or at the time the insured die. It offers protection from death and survival.
- To intelligently contract life insurance It is necessary to make a number of different companies. The more benefits a higher policy will be its cost, however we cannot be guided only by price as each individual has his or her own needs. It is important to agree on the payment method: Single payment, trust, fixed payments...
Every life insurance has different benefits. Let yourself be advised and always seek the best.