Any person can experience certain fears.Of course, everyone has they own: someone is afraid of loneliness, but someone dark.But there are fears that a certain degree combine all or almost all people.These are the fears associated with disability, with weak and death.
While the person is a habitual way of life, earning a living, to buy housing, cars and other goods, he feels confident.However, from time to time it is still visited by the thought of what would happen to his family if he suddenly falls ill, disabled, or worse, die.Naturally, no one in the world can be saved from all diseases and death, but to feel some confidence in their future and the future of loved ones in many ways helps endowment life insurance.
Unfortunately, many people do not understand what the cumulative life insurance differs from other types of personal insurance.Although there are a lot of nuances that distinguish this insurance product.Firstly, Cumulative life and health insurance is made for a sufficiently long period of time (as opposed to the same health insurance, which can be issued at least a year, at least 2 weeks).
Secondly, a person insured under the program of so-called risk life insurance (in the contract clearly stated the risks to which it applies), receives a payment, even in the case of injury, set out in the contract or in the event of illness (if this contractprovided).If the person has issued a cumulative life insurance, any injury or illness are not insured events.Money policyholder will receive only in the event of incapacity (disability) or death (in this case, the heirs receive the payment).
Inherently endowment life insurance is a combination of insurance and investment (similar to bank deposits).But, unlike a bank deposit, the insurer can not rely on high interest on his contract, since it is still life insurance, and its basic principle - protection, not profit.
Making an agreement on savings insurance, the customer agrees to periodically pay to the insurer by a certain amount, and at the end of the contract, he can expect to receive the entire amount of the accumulated interest.Get it like it can lump sum (sum insured is fully transferred to his account), and at a predetermined schedule (eg, monthly, as the additional pension).
If the insured person had an accident or suffer serious illness, which will end with death or disability, the insurer will pay the full amount of the contract, regardless of how much money the client has had time to accumulate through their own contributions.
course, to live better, positive thoughts and not thinking about the possibility of disaster.But signing a contract of accumulation insurance, a person gets rid of many fears, providing a calm confidence and confidence in the future of his family.
