Life insurance - is a time-tested way to protect their long-term well-being. The insurance policy provides you with guarantees of financial stability and a secure future for your family, regardless of the vicissitudes of fate.Our lives often depend on random events that can not only change our own destiny, but also affect the financial health of loved ones. Health, adequate standard of living of the family, a good education for children, additional pension contributions - all of this is achieved by stable cash investments in various financial instruments: bank deposits, securities, own business in real estate, mutual and pension funds and private insurance. Each tool has its own characteristics.
For personal insurance includes all types of insurance related to probabilistic events in the life of the individual. According to the classification of insurance adopted in the Russian Federation, to the private insurance industry include insurance, in which the object of insurance is the property interests related to the survival of citizens to a certain age or time, with death, the occurrence of other events in the lives of citizens (life insurance), with harm to life and health (insurance against accidents and diseases).
One of the main types of life insurance is life insurance, which, along with the accumulation of funds (funded pillar), also performs the function of protecting yourself from unforeseen circumstances - bodily injury, determination of disability or death (risk component).
The main purpose of life insurance is to protect the financial interests of the policyholder / insured upon the occurrence of death. A related purpose of life insurance is to accumulate a sum of money, such as for retirement, or the majority, or to other events in the life of the insured.
Contributions are usually paid on a regular basis (eg, monthly) during the storage period (from the date of the insurance contract to the time of the loss). Throughout the storage period, the insurer enters into the client's money, putting them in a variety of assets (bank deposits, securities, real estate and other assets). As a result, by the time of the insured event ( of the insured up to a certain date) accumulated well over the amount of the accumulated contributions, by capitalization (interest income) the accumulated amount.
The insurer pays the insurance coverage in the form of various options of payment of the sum insured: in a lump sum, in the form of a life annuity (lifetime financial rent).
Types of life insurance:
Mixed
Cumulative
Sportingly
Mixed life insurance (sometimes referred to as combined) includes several risks, such as survival to a certain age, death, bodily injury (trauma), and disability. Throughout the period of accumulation of the total amount of contributions accrued income. Therefore, endowment insurance not only covers the most complete customer life risks, but in some ways much more profitable to the bank deposit (because the bank does not support the client in case of an accident).
Life insurance allows you to accumulate a certain amount by a certain date. There is also a life insurance is pension insurance. Superannuation is a kind of supplementary pension and allows itself from its own resources to save for retirement. Size of future pension accruals determined upon signing the contract in accordance with the wishes and possibilities of the insured. Retirement savings may be paid in the form of pension (monthly, quarterly, etc. - it all depends on the willingness of the insured) as life, and for a certain period of the contract.
Risk life insurance - a type of insurance that contains only the risk component.
These types of insurance are term life insurance. Worldwide life insurance contracts are long - 10, 20 years and more. As for us, knowing well the Russian specifics, allow to conclude agreements for a relatively short period: 3-5 years. Although, of course, the long-term life insurance programs are more beneficial, because the longer the period of the contract, the less money people pay, and the greater the sum paid.
The product, life insurance, provides these situations. Owner of insurance in case of disability, gets serious cash amount which sometimes exceed the amount of state disability benefits for a period of 10 years. And such a person, regardless of the severity of their situation, knows that without the money he and his family will not remain.
And now for the pleasure! Man lives cheerfully and with taste, and after the time specified in the insurance contract, it receives the accumulated amount of the insurance money. Plus investment income that accrues each year, with capitalization.
With this program people will protect your wallet and the welfare of their loved ones, at the same time get a decent capital, which for term insurance, "Zhirkov will acquire." And ultimately, will return all the money paid for the program. I'm sure many have heard of the phenomenon of German pensioner resting in foreign resorts. Most of them were able to afford it because of such insurance products
Each for himself to draw conclusions. Everyone decides to leave everything as it is and hope maybe today or act independently and pursue social protection, laying a solid foundation for their own future and that of their loved ones.
