There are several solutions to ensure our future and that of our family. Next, we will tell you more about life insurance and life insurance with savings so that you can decide which one best suits your needs.
-
What is life insurance?
It is a product that insures the lethal risk that a person may suffer, guaranteeing an amount according to the contracted policy. The risk insured in said policy covers the insured before the end of the contract.
This insurance protects you in cases of disability, death or events that endanger your life. The insured may designate any person as beneficiary.
If you have a risky job or any situation that endangers your life and the future of your family, this product is ideal for you. If you decide to buy it, it is very important that you compare several options.
Analyze the type of insurance you are interest in and be sure to read the conditions, coverage and exclusions, as it is an investment that will allow you to remain calm throughout your life. Ask for advice from insurance experts to find the best plan for you.
-
Who is the beneficiary?
Through this contract, the beneficiaries designate in the policy collect a capital that has been previously establish with the insure. Depending on the insurance policy, it is terminate or can be renew for another period of time.
Typically, the spouse, children, parents or other relatives who may be heirs under the law are designate as beneficiaries.
-
What are the requirements to take out life insurance?
To contract this type of policy, the insurer may require the contracting party to undergo a medical evaluation. Additionally, basic data such as age will be requested. gender, children and if the contractor is a smoker or not.
-
At what age is it advisable to take out life insurance?
Usually this is contracted by people over 30 years of age, because that is when the insured generally has more family and economic burdens. It is recommended that in case of contracting this policy, the person is between 25 and 50 years old.
On the other hand, if you are looking to meet your goals in the medium and long term, there is life insurance with savings. This, unlike normal life insurance, allows you to save your money with interest and in the future obtain a larger amount to meet your goals.
In savings life insurance, the insured and beneficiary can be the same person. The objective of this product is to generate savings for the future.
-
What is life insurance with savings?
It is a solution to supplement your retirement pension, to study for your children, to start a business or to buy the house of your dreams. The beneficiary pays premiums for which a specific return is offer.
Life insurance with savings is a low-risk and highly liquid product that also has important tax benefits, since the return obtain is not tax. When you decide to withdraw your money, you do so according to the particular conditions of the policy.
-
How does life insurance with savings work?
It is the union of a savings plan and life insurance. They allow you to make regular contributions, modify or pause them if you need to, but also in insurance that offers liquidity. The capital of these products is guarantee by the Superintendence of Companies, Securities and Insurance of Ecuador.
The savings accumulate in this insurance can be recover at once in the form of capital, or in the form of periodic payments in the form of a life annuity while the beneficiary of the insurance lives. Now that you know the differences between life insurance and life insurance with savings, you already know how you can plan your future.
If you are interested in taking out life insurance or life insurance with savings, at Asertec we have the support of the best insurers in the country and trained personnel to advise you on managing your insurance at all times. Visit our online quote, and get expert advice. Remember that investing in your future is a guarantee for your peace of mind and that of your family.
