We are often offered life insurance services. In every bank, whenever possible. For what purpose only? We insure our life in extreme cases when it is impossible to refuse, for example, taking out a mortgage. And most often we do it with annoyance:
- Firstly, because you don’t want to think about that very suddenly,
- Secondly, if nothing happens, why pay and lose money.
The word insurance has acquired a negative character in our country, and we have forgotten or do not know why we need to insure life.
They forgot that this is not just a way to protect yourself and your family from financial losses in unforeseen situations, but also an opportunity to ensure your old age and even earn money.
And the choice of insurance must be approached as carefully as the choice of an apartment, work or place of study for children. Why? And how to determine if you really need it and what you can get from it?
In order to understand the issue, let’s start with the basics and consider what types of life insurance programs are divided into.
Risk Life Insurance And Its Features
Risky from the word risk? Maybe. But this is not always the case. In risk insurance, the payment is made in the event of an insured event.
An insured event can be a case of: disability, injury, illness. And here it is very important to have support. This support is the insurance payments. With this money, you will be able to take a time-out, recover, and ensure a decent life for your family during your disability. Sounds good, right?
Of course, the worst can happen. It is scary to think about it, worse is only to leave children and loved ones without a livelihood.
In this case, you, as a responsible person, with an insurance policy, will provide your family with a stable future. Money will not replace you, but it is another way of talking about your love and care, all thanks to life insurance services providers.
Therefore, risk insurance is suitable not only for those whose life is associated with a dangerous profession or extreme hobbies, but also for ordinary people who responsibly approach the future of their family.
Words are good, but I want to hear numbers. How much to pay?
The pay-out is the amount at which you value your life. The higher the amount, the more contributions, but the more you or your family will receive as a result. It’s up to you to decide.
But if your task is not only to protect your health, but also to save money for a specific purpose, for example, the future of a child or big purchases, then another type of insurance will do.
Savings programs combine the processes of creating savings and insurance coverage. We can say that this is an upgrade of risk insurance.
This type of insurance service near me combines payments in the event of an insured event and the accumulation of funds. Like a piggy bank or a deposit in a bank, only cooler. Why? Let’s figure it out.
The procedure is as follows: after the first installment, you have the right to insurance coverage for the risk of survival and the risk of death. We already know everything about the departure from life, we will not talk about it too often. A person is so constructed that he always believes in the best.