Life
Life Insurance
Life insurance is insurance that covers the risk of death, survival and disability. Life insurance covers risks that may affect the existence, integrity or health of people. For the insurance to be effective, an insurance contract must be formalized.
Type of Life insurance
We have different life insurance policies.
Term Life Insurance
Term life insurance or short-term life insurance provides affordable protection, often with a guaranteed premium, for a set period.1 The premium for term insurance is initially lower than the premium for a comparable whole life insurance policy; however, the premiums can increase at each renewal.
Whole life
It is a life insurance policy that is guaranteed to remain in force for the entire life of the insured, provided the required premiums are paid or until the expiration date.
Universal Life
Universal life insurance is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, excess premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.
Benefits of Life insurance
There are many benefits for why you should have a life insurance.
Reduce the risks
It reduces economic impacts in risk situations for specific periods of time or for a lifetime. So if a person who is the main source of income for the family is missing, the family economy is immediately affected.
Taxes
Life policies serve as a financial instrument for accumulating money without risk of loss, better returns than a bank and without paying taxes.
Heritage
We can inherit wealth without currently being rich. It is like building an inheritance with payments.
Partial Withdrawals
I can make partial withdrawals of what I have contributed over time and use it for what I want.
Living Benefits
If I develop a serious illness, I can use part of the policy for use in LIFE.
Financial Planing
It is a way to plan our family financial future.
For final expenses
It helps us defray funeral expenses.
Financial diversification
Life insurance is one of the safe and profitable ways to diversify your investments.
Lifetime protection
Your family will be protected forever.