life insurance

What is Life Insurance?

Life Insurance guarantees, as the main cover, the risk of death of the insured persons, paying the beneficiaries the contracted capital.

In addition to death coverage, there is the possibility of contracting other additional coverages, such as "Absolute and Definitive Disability," "Total and Permanent Disability," "Serious Diseases," among others. In these cases, the Insurer will pay to the beneficiaries, who usually are the insured persons themselves, the agreed compensation.

Life insurance is a protection for you and your family that allows you to face a loss of income and unexpected expenses, maintaining your life's financial stability.

It also guarantees that the bank receives the contracted loan value, relieves the beneficiary, or his heirs, in the event of death.

LIFE INSURANCE AND MULTI-RISK HOUSING INSURANCE FOR LOANS

Life insurance is also, in addition to the Multi-risk Home Insurance, a requirement of banks to make a mortgage. Keep in mind that, according to the Law, the same banking entities cannot require you to take out this insurance from theirs, and the consumer is free to choose.

This way and by consulting us, you can save up to 60% with the cost of this same insurance.

BUT WHAT ARE THE MAIN COVERAGES OF LIFE INSURANCE?

• Death - In case of the death of the insured person, the Insurer guarantees the beneficiaries the payment of the insured capital.

• Absolute and Definitive Disability - In these cases, payment of the insured capital is attributed. The declaration of invalidity is made when, as a result of illness or accident, the person is totally and unable to exercise any profession and dependent on third parties for their day-to-day activities.

• Total and Permanent Disability - In these situations, a payment of the insured capital is also attributed, when, as a result of illness or accident, the insured person is, in general, totally and permanently unable to exercise his profession or any other lucrative activity compatible with their knowledge and skills. The degree of disability depends on the contract we enter into and can currently vary between 60% and 66%. The national disability table determines it in force.

AND HOW DO WE USE THE INSURANCE?

In the event of death, a death certificate is required. In case of incapacity, it is necessary to send the Insurer, the clinical and medical documents requested by the company and provided for in the general conditions of the policy, which will subsequently be analyzed to assess the insured person's degree of disability.

WHY HIRE A LIFE INSURANCE?

There is thus a clear advantage in taking out life insurance:

• Protects you from the financial consequences of accidents, or more severe illnesses that leave you in a state of disability;
• Financially protect your loved ones from possible premature death;
• It protects you and your family from the burden of paying a loan, and, finally, you can, in some cases, deduct the premiums paid by the IRS.

Do you think about hiring a Life Insurance? Consult us about the best options on the market!