protection for your family when you are not there

 

Nobody likes to think about their death or that of their loved ones. Although we know that this day will come sooner or later, we prefer to act as if reality were different and that way we could avoid the inevitable. That's why no one thinks about life insurance.

Some will say that thinking about it affects your mood and that there is no point in living sad or in fear, if it will be impossible to change things anyway. However, it is very important to understand that the big difference between anticipating that moment and not doing it is in what you can do for your family, anticipating the moment when you are gone. 

It may not be easy to face, but it is an indisputable fact: that you are in good health today does not guarantee that you will remain healthy tomorrow. On a day-to-day basis, we are all exposed to suffering an accident or contracting a disease that puts our lives at risk. 

You can also read: Tips for choosing the best funeral expenses insurance 

Why take out life insurance?

In short, it is the best way to ensure the future of your family if one day you are absent. In addition to covering funeral expenses, it allows you to resolve what corresponds to a mortgage, rent, food, clothing, education, etc. 

You should know that there are three types of life insurance:

• temporary insurance

Being the cheapest, it is also the most popular among life insurance. Its name is due to the fact that it has a pre-established duration at the time of making the contract: one year, five, twenty... it can also be established "at reached age", that is, they will remain in force until the insured reaches a certain age. It is important that the contract secures a sufficient sum so that the beneficiaries can live for at least one year. Its main disadvantage is that the coverage is valid, as already mentioned, unlike ordinary insurance, which is for life.

• endowment insurance

It has two functions: to protect and to be a saving investment. On the one hand, it ensures a sum to the beneficiary(ies) in case the contracting party dies; If the death does not occur after a predetermined term has elapsed, the contracting party will be the one who receives the sum for which he has insured. Another characteristic of this insurance is that it can also be an inheritance during life, since the payment of the sum may not be determined by death.

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• ordinary insurance

Unlike term insurance, this is valid for life (or until the insured turns 99). Whichever type of insurance suits you best, don't waste more time taking action to protect your family in the future. Contact me if you need more information or clarify any doubts. Remember that my mission is to guide you so that you can make the best decision.