There are still many people who do not know What is a insurance of life. Most of them know it for the first time when the bank requires them to link the granting of a mortgage to the contracting of life insurance. But even so, many remain unaware what is life insurance for. Currently, insurers offer two types of life insurance: Life Savings and Life Risk. In this article we will focus on knowing what life insurance consists of, in its life risk modality.
What is life insurance?
Life risk life insurance consists of the payment of a certain benefit to the beneficiaries of the insured or to the insured person, when the loss occurs, which is the death or disability of the insured person. The amount paid by the insurer is the capital that the insured would have agreed. Extensive information in our post How to collect life insurance compensation?
What does life insurance cover?
Life insurance includes coverage in the event of death or disability of the insured. In the first case, it will be the beneficiaries designated by the insured person who collect the benefit. There is even the option of double or triple the insured capital depending on whether the death or disability is the result of an accident or traffic accident.
What is life insurance for?
Life insurance provides peace of mind to the family. The death or disability of a person can imply a decrease in the quality of life and subsistence of the family. With life insurance, your family will always be protected! Although it is common for people to be interested in taking out life insurance at the bank's request when applying for a mortgage, the essence of life insurance is the future economic tranquility of the family.
Why is life insurance necessary?
Guaranteeing the future of our family is an incentive to take out life insurance, especially if we have children or dependents and we are the source of income for our household. If you are thinking of buying a house and applying to the bank for a mortgage, you will need life insurance.
Can I know if I am a beneficiary of life insurance?
Yes, since the Ministry of Justice has a record of insurance contracts with death coverage. If you want, you can get more information about this registry here.
Are you interested in taking out life insurance? Do you want to receive personalized advice? We help you! We have the best life insurance in Tenerife and Las Palmas.
Concentrate your insurance with Canarisk
Concentrate all your insurance in Canarisk and obtain numerous advantages and benefits. Hiring all your insurance in our Insurance Brokerage in Tenerife and Las
We got the best medical insurance in the Canary Islands for you!
If you are looking for private health insurance in Tenerife and Las Palmas, you have come to the right place. Our knowledge of the local market allows us to always offer you,
Guaranteed improvement of your insurance
At Canarisk we are committed to improving any insurance you bring from the competition, under equal conditions and coverage. Your trust in our management deserves this