Life insurance is one of the “greediest” products of insurers and mediators. The reason is the high level of profit gives- Types of health insurance.
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That‘s one of the reasons why the life insurance advertising is increasingly creative and ingenious.
What are the Insurance life types
The insurance of life are divided in three groups:
This type of insurance are the most common. It is that when the insured dies is guaranteed payment of the policy to the appointees that the insured.
In the event that the insured person lived before the expiration of the contract, he isunderstood and is given to terminate any consideration by the insurance.
The additional coverage that can hire are:
Disability: consists of covering any incapacity or disability that the insured has apart from covering the death also. We saw a real history of this particular
Accidents: life insurance not everything is pink. Obviously you have reason why should not be responsible for the accident. For this reason arises this coverage, the accidents, consists that engages an additional always benefit and when in the case thatthere is no falleciminto is seba to natural causes, but which has been produced by any kind of accident.
This type of life insurance you are called “risk insurance”. They ensure a capital or income in the event of death of the insured.
One of its main features is that when the insured lives at the end of the contract is guaranteed payment of the contracted to the beneficiary or beneficiaries.
It should bear in mind that this type of life insurance has tax benefits and are commonly known as “secure savings”.
Within this type of life insurance, savings insurance can be divided into:
insurance unit linked. This type of life insurance is that the policyholder
assumes the risk of investment of the same, i.e., the result of
Insured welfare plans (PPA)
Individual plans of systematic savings (PIAS). Same as PPP. It is basically a long-termsavings insurance, is that the contractor receives an annual payment if it meets the requirements of the contract.
Annuities. This kind of insurance the possible receive an annual income during everyyear of his life.
There is the ham, there is cheese and not… arose the mixed!
As its name indicates merges payment death as payment for insurance expiration.
As we can see in life insurance there is only one type of insurance, but that there aremany modes, features, requirements… as in the auto or home insurance have divisions and subdivisions.