To attach money “for rainy day” is not too difficult. The main thing is to be defined what do you want to receive. If you aspire to stability, your choice is the deposit: banks promise stable profitableness and a guarantee of a reflexivity of the contribution. If you want to receive more and are ready […]
To attach money “for rainy day” is not too difficult. The main thing is to be defined what do you want to receive. If you aspire to stability, your choice is the deposit: banks promise stable profitableness and a guarantee of a reflexivity of the contribution. If you want to receive more and are ready to risk, you can address to investment funds — profitableness isn’t guaranteed but if to carry it is possible to earn some money. The same who isn’t assured of tomorrow, more truly, it is necessary to address to life insurance and not usual brave (on half a year-year) but to the long-term memory.
Memory life insurance is intended for those who wants to “hammer together” the capital on an old age and thus to take care, that in case of unforeseen circumstances the family didn’t remain with the broken trough. Such contracts consist on the average for the term from 10 till 30 years. Throughout this time the insured brings payments accumulating the capital and receives protection on a death case. It is reduced to that if the insured dies, becomes the invalid or will seriously be ill, the company will pay to his successors or relatives the sum which he would save up during validity (without dependence from that how many payments have been brought). Many insurance companies double the payment sum if the insured was lost as a result of accident and even triple if there was an accident on transport. If the insured has safely held on before the contract expiry of the term the insurer besides will pay it all insurance sum and the investment income received for that time while money was in the company.
Except accumulation of the sum of the future payment and protection the insured receives also an income source and not one. The main income, investment will be paid together with the basic sum upon termination of policy period of validity. It will be at least 4 % guaranteed by the law annual and can be above depending on earnings of the insurance company. So, last year the investment income added on investments of insureds in the different companies made from 6 to 20 %. It is interesting that the majority of the companies charge identical profitableness under contracts in national and foreign currency.
It is possible to consider as the indirect income of the insured the right to reception of a tax credit to the amount of 15 % from annual investments in programs of long-term memory insurance. For reception of this compensation it is necessary to submit annually the declaration on incomes specifying and documentary confirming expenses on this kind of insurance.
Main “minus” of life insurance is complexities in preschedule withdrawal of money from the memory insurance program and even impossibility to return money in case of such necessity. Having terminated the contract, the insured can return only a part of money — the redemption sum (the sum of accumulation minus company expenses). In first two years the redemption sum practically at all insurance companies is equal to zero that is irrespective of how many you have enclosed in the company in the first years to leave the policy it is not meaningful. The next years the size of the redemption sum increases and in the middle of period of validity of the policy from accumulation it is possible to take away to 50-60 % of money. In the end of policy period of validity is ahead of schedule possible to withdraw only to 85 % from the saved up money.
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