Advantages and Disadvantages of Cumulative Life Insurance

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That is, if a person is diagnosed with such an illness, he will receive the amount. Other companies offer regular medical examinations at the insurer's expense. The goal is to identify dangerous pathologies at an early stage. Other companies offer genetic tests for predisposition to certain hereditary diseases or telemedicine services. In short, there are many additional options. Most of them are related to health in one way or another. This is logical, because you are purchasing a life insurance policy. Think about whether the proposed examinations and tests are necessary. These are often expensive procedures. If you decide to undergo them yourself at your own expense, you will have to pay a lot. Perhaps, choosing a useful package of options will be more profitable than choosing a policy without additional services. Conditions for early termination. Even if you don't plan to terminate the agreement early, understand the full terms of the contract.


List of insurance events. Please note that many insurance companies have increased compensation for a number of insurance situations. The amount of increased compensation varies. There are insurance companies that are ready to pay up to 300% of the insured amount for certain insurance events. Also find out what payments are due when receiving a disability. Also pay attention to what documents chinese europe phone number list confirm insurance events. When you get sick or injured, you will not have time to study the terms of the contract. And the information must be provided to the insurer promptly. And if everything ends in death, then the relatives of the deceased should not be confused and do everything correctly. Then in the future there will be no problems with the payment of compensation. Contact only a reliable insurer. Check the selected company through the Central Bank register .


If the insurance company is not on the Central Bank lists, it is better not to contact it. Frequently asked questions Why do you need life insurance savings? This is a combined insurance product that not only gives you confidence in the future, but also allows you to save up for a significant purchase. What is better - savings insurance or a bank deposit? A deposit is only the preservation and increase of funds. And savings insurance also protects life and health, the possibility of targeted transfer of funds, various privileges (depending on the insurance company). What if I don't have the money to make the scheduled payment? To prevent this, choose an insurer that provides a grace period for making the next payment. Conclusion Cumulative life insurance is a good way to ensure a calm future for yourself and your family. And at the same time - to receive additional passive income.