Basic guide of Life Insurance

By | June 25, 2016

Begin to understand the life insurance with our guide for beginners, so that later you can compare prices and coverage to find the most appropriate offer for you.

Do you remember the first time that Acuna Ste to your first son, or walked by the door of your new home?
According to Yong Wai Meng, or many of us, the answer to this question would be “joy”. However for many others would be “panic or fear of the unknown”.

And that is that the weight of our responsibilities can become a significant burden. It is for these reasons that life insurance becomes a powerful solution that gives you peace of mind. And that is that if something happens to you, your family will be protected.

However the world of insurance can be complicated, and it is not always easy to ascertain that coverages are the most suitable for each one or with which companies must hire them. We invite you to continue reading and exit of doubts.

And if after reading our articles your question has still not been answered, we recommend you talk with an expert advisor in PuntoSeguro.com to receive professional advice and impartial for free. Just call the 91 435 90 96 or request a callback through our web.

What is a life insurance?

A life insurance risk has as its purpose the economic protection of a beneficiary in exchange for a premium. It is a contract in which there are four parts:

  • The policyholder is responsible for paying the insurance.
  • The Insured: which may be the same as the policyholder and that is the person to whom you are hired by the life insurance.
  • The beneficiary is a third party freely designated by the insured, which shall receive a capital protected in the case of the insured dies.

The insured person is obliged to pay an annual amount (Premium) to the insurer, and it undertakes to indemnify the beneficiary if the insured dies or is suffering from a disability. If you want to know which types of life insurance, there are click here.

What is the life insurance right for me?

If you are wondering what type of policy is best for you, you should discuss your personal circumstances and make the following questions:

  • Are there one or more people who depend on it economically?
  • Do In the hypothetical case of suffering a disability your family could cope with all costs?
  • Are you paying a mortgage loan next to your partner?

If you answered yes to any of these three questions we recommend you hire a life insurance through PuntoSeguro.com

How much capital I can assure?

We know it can be difficult to estimate how much money may need your loved ones if you die or suffer a disability. We explain the points that you should take into account:

  • Do you have any debt or load pending payment (mortgages or loans)? Sum this amount to the insured capital.
  • What percentage of the annual revenues contribute to your family economy? As more dependent on it more you must secure. If your earnings are the only ones in your home, and you have children not emancipated we recommend you to ensure at least five times your annual net income.
  • Does your family have additional sources of revenue such as immovable property or shares on the stock exchange? In this case, you can subtract that amount.

What is crucial is that the total number to make sure will serve to pay the expenses of your children as long as they remain dependent. However, at a higher capital insured, the higher the premium to pay for what it is important to find a balance between the need for protection and the affordability of the coverage.

If you’re only interested in cover a specific event, such as funeral expenses, it is better to hire only a funeral insurance, since although this coverage has already been taken up in many life insurances, life insurance risk is a product more complete and therefore less economical.

Finally, if after reading this you think that you have no need for coverage by not having a family dependent on it seems to us to be perfect, but even in this case, it may be worthwhile to hire him to be protected in the event of invalidity or permanent total disability.

How much does a life insurance?

Today life insurance have economic prices within reach of all budgets. We invite you to try our comparator of insurance and let you advise by one of our experts.

How Much increases each year the price of life insurance?

For each year of life of the insured the price of insurance is increased by an average of 8 per cent when capital is constant, i.e. when ensures each year the same amount. In the cases in which ensures the decreasing capital, i.e. that each year ensures only the amount needed to pay the mortgage, the price increase would logically be less, and will depend on the amount that has been repaid that year may be the case that it keep the price of insurance or that even lower despite the increase of age. In some insurers is already possible to know which will be paid off in the next 5 years.

How do I pay each year the least by my life insurance?

The best way to keep under the price of insurance is to compare different insurance companies each year so you can make sure that you are not paying more. In addition if you have life insurance with the bank you have to know that on average is 40% more expensive than the insurance that we offer in elÂComparadorlife insurance to mortgages.

If you need help to find the best cotizaciún, do not hesitate to call us on 91 435 90 96 or write to us at Clientes@puntoseguro.com and you will receive the best possible advice from the Online Brokerage specialist in life insurance oldest in Spain.

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