Advantages and Disadvantages of Cumulative Life Insurance

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In any case, before taking out a policy, it is worth weighing all the pros and cons. Especially considering that this is a long-term project. You can choose a suitable program through a special aggregator. There are many of them on the Internet. Trust proven sources. Do not be lazy to double-check the information yourself. Also, do not hesitate to ask questions to the insurance company. Ask for clarification of this or that clause of the contract. You can even take the document template before signing. Study it carefully at home, consult job seekers data with your loved ones and a lawyer.

The advantages include:

protection against insurance claims;
chance to make savings;
minimal risks when investing, since the insurance company invests in reliable financial products;
permission to choose a beneficiary - a relative, friend, third party;
diversity - due to the abundance of programs available on the market;

choice of insurance risks - thanks to the same variety, it is easier to find an offer that protects against the risks that threaten you specifically;
receiving a tax deduction - 13% of the contribution amount, but only for individuals who pay personal income tax, and in an amount not exceeding 15,600 rubles annually.