Useful insurance companies life Proving Useful for All

 To refresh your memory, we will tell you that we have already commented on other occasions in this blog that it is essential to take out insurance in the right place, since it is proven that life insurance offered by banks is much more expensive. (normally linked to mortgages), although we have also explained how to unlink them. In short, you no longer have an excuse to have this poorly resolved, because it is very important, you have to protect your family, not your bank, and now we are also going to give you keys to guide you in this world.

What is life insurance and what is it for?

The first thing to know is what is life insurance? "He who covers the contingency of disability or death of a person in exchange for the payment of a premium", what is life insurance for? , and the answer is that it is a service that you should hire to sleep better. Like taking melatonin!

Is life insurance mandatory?

Only if you have a loan, usually a mortgage, in that case the bank will require it and also that you make them beneficiaries until the credit is covered. Those who do not have a mortgage will not have a legal obligation, but they will have a "moral" obligation because you protect yours if something happens to you (and it is not more expensive than the annual expenditure on melatonin to sleep well!)

How much capital do I insure?

The minimum is what is necessary to cover your credits. At this point, it is necessary to have independent experts to optimize your insurance spending. Your goal is that your family does not owe money to the bank, but neither give it away by paying an excessive premium.

On the other hand, there is the reduction of the economic impact of your death or disability in your environment, here we recommend that the capital to be insured is two to five gross annual wages of yours.

The best option may be to insure everything in the same policy ... or not, because there are life insurance that have special orphan coverage (you see how it is essential to have an independent insurance expert nearby).

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