As long as we are alive we prioritize the protection of our family. However, because circumstances change many times and upset our plans, we must be prepared and provided for how our own people will be secured when we leave life.
Experience has shown that an unexpected loss, in addition to the emotional - mental weight it brings to family members, can lead, depending on how the budget and income are organized, even to financial ruin a family. Choose the collateral you need for your people to be sure that even if something happens to them they will be financially secure and will not be drowned out by running costs, inheritance taxes, loans, credit cards, etc. Life plans generally have the following categories:
- Life Insurance: A life plan that will pay a capital to your family in case you leave life. The compensation is paid as a lump sum, while the insured can redeem it during the term of the contract. - Simple Life Insurance: These are contracts that have a predetermined validity period of 15 or 20 years for example. In essence, the beneficiaries are only compensated when the loss of life occurs within the time period specified in the contract. - Annual Life Insurance:The contract is valid for one year, so it is renewed every year. Beneficiaries are compensated if the insured dies within the period specified in the contract. - Reduced Capital Life Insurance: It mainly concerns people who are worried that if they leave their relatives they will shoulder loan obligations - Mixed Insurance: The combination of life insurance and savings is a complete program, which ensures that you will get a capital after a certain period through the savings and at the same time a capital is created for your loved ones in case you leave life -Premium Exemption Coverage: Allows you in case of total incapacity for work to be able to continue your life plan and to pay the insurance premiums for you - Accident Life Insurance: This is additional coverage that provides your family in case that you leave life due to an accident. It is aimed mainly at people who, due to business obligations, travel frequently or are very often exposed to dangers.
