Acquiring life insurance is decisions that must be made by analyzing what your needs are and what benefits you can obtain, depending on the company you choose.
Life insurance offers financial support to the beneficiaries established by the insured in the event of death. Likewise, according to the chosen insurer, there are other life insurances that also cover disability, serious illness or consequences of an accident to the insured and this would be one of the first factors to consider when acquiring life insurance. What do you need to cover?
In this opportunity, we are going to review what factors influence when contracting life insurance? tto sign the chosen life insurance with complete peace of mind.
Factors to identify when purchasing life insurance
Why do you need insurance?
Life insurance is designed for that person who wants to “guarantee the economic stability of their family in the event of their death or lack of income caused by a disability or illness that prevents them from performing work that generates income,” according to with Fasecolda, the union entity of the insurance sector in Colombia.
Taking into account the above, does your desire to purchase life insurance meet that need translated into peace of mind? This would be the main one, however, there are also other reasons such as guaranteeing the union of the family nucleus in the event of a death, having a programmed savings plan, covering the study expenses of the children, among others.
What do you need to cover?
There are life insurance options that only cover the death of the insured. Others also include disability, serious illness or consequences of an accident. This is perhaps one of the most important factors in making the decision when purchasing life insurance.
In the same way, it is key to review the duration of the contract, that is, if it is for an indefinite period or if it ends at a certain age.
Does it fit in your pocket?
The monthly or annual payment for life insurance is called the premium. The amount of this premium is determined by the age, gender, state of health and type of work of the insured. The value you decide to insure and the type of coverage also influences.
With the advice of an executive you can review which is the best option that fits your budget and lifestyle.
What benefits does it provide?
Life insurance not only allows peace of mind thinking about the beneficiaries, some offered in the market provide benefits that the insured can enjoy during life, for example, transportation to the airport, to prenatal check-ups, on the day of delivery, emergencies during a trip to the abroad and many more, depending on the coverage and clauses of the affiliation.
Which company to choose?
Each insurance company provides a broad portfolio of life insurance that can be tailored to your needs and budget. The best exercise is to quote and compare between several, so you can make the best decision. Compare from the way they advise you, the coverage, benefits, support and experience of the company.
Purchasing life insurance from home
Insurance policies are also available to purchase from the comfort of your home, some of the insurers provide advisory services and domiciliary affiliation and even sale of policies online.