Having decided to insure the life you first of all insure yourselves against troubles. But troubles happen different. Someone is afraid of a stroke, someone is frightened by a possible attack of gangsters, and to someone are afraid of air crashes. Therefore programs of life insurance and insurance upon accident also can differ strongly among […]
Having decided to insure the life you first of all insure yourselves against troubles. But troubles happen different. Someone is afraid of a stroke, someone is frightened by a possible attack of gangsters, and to someone are afraid of air crashes. Therefore programs of life insurance and insurance upon accident also can differ strongly among themselves.
Life insurance carry to long-term kinds of insurance, therefore usually such policies are calculated, the most smaller, for 3–5 years, the maximum term usually makes 20 years. Such programs of insurance operate 24 hours a day 7 days in a week of 365 days in a year.
It is possible to consider as an example of classical life insurance the memory program of insurance company. It concerns a category lifelong, that is intended for the people wishing to leave to the relatives the certain sum as the inheritance. From the moment of policy release your life is insured for the high sum considerably exceeding the cumulative sum of payments which it is necessary to pay. When the owner of the policy dies appointed person receives insurance payment.
The insurance risk considers leaving from a life for any reason during insurance term. In addition, at additional expense, it is offered to include in conditions of the insurance contract possibility of clearing of payment of insurance payments in case of an establishment of physical inability I or II groups. It means that becoming the invalid you do not pay insurance payments, however after your death for example, your children will receive insurance compensation in full.
During insurance term there is a charge of the investment income. The client can choose term of payment proceeding from the requirements and possibilities – 1, 2, 5, 10, 15 or 20 years. Besides it is possible to designate the termination of term of payment of payments under the insurance year of a retirement or achievement of 75-year-old age. Restriction on age is not more younger 18 and is not more senior 75 years.
The client has the right to terminate the insurance and to return the money paid under the insurance – the redemption sum taking into account the added investment income. The insurance and redemption sums are annually recalculated taking into account the added investment income.
Some insurance companies offer programs of life insurance which include besides such risk as death of the insurer also damage to health. It turns out some kind of a hybrid of life insurance and insurance upon accident. They can be lifelong or have certain period of validity.
If the owner of the policy does not live before the termination of period of validity of the contract, for example the children will pay insurance compensation.
It is possible to be insured at the age of 18 till 70 years. The period of payment of payments either is equal to period of validity of the contract of insurance or is shorter than 4 years (at term of insurance is not less than 7 years).
According to your desire it is possible to add the insurance contract with a condition on which the insurance operates as protection against risk of physical injuries. It is possible to be insured only from traumas which have led to reception I and II groups of physical inability.
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