“Life is very simple but we insist on making it complicated” Confucius.
Having life insurance brings stability to the family. If you have dependent children or dependents, perhaps you are considering hiring one. We know how important it is to be clear about taking the step, so let’s help you make this choice as easy as possible.
WHAT AMOUNT SHOULD I INSURE IN A LIFE INSURANCE?
This depends on your personal situation. In order to calculate it, you have to take into account the following:
- Number of family income : It is not the same for only one member of the family to work for both of them.
- Number of dependent children economically.
- Age of the children and time they need to continue depending on the income of the family until they are totally self-sufficient.
- Loans and outstanding debts that must continue paying in the case of premature death.
WHAT DOES LIFE INSURANCE COVER ME?
In addition to the death of the owner, you can cover a series of circumstances in which we would have to make an economic outlay so that we may not be prepared:
- Advance of Inheritance Tax
- Permanent and absolute disability
- Legal advice
- Psychological attention
In addition, there are some insurances that also cover the following:
- Diagnosis of breast cancer
- Diagnosis of prostate cancer
- Death of both spouses .
Keep in mind that certain risks may not be included , such as a motorcycle accident or derived from the practice of a risky sport. You always have to confirm the coverages with the insurer that is hired.
BEFORE CONTRACTING, COMPARE
Since we are going to make a very important decision for the future of the family , it is crucial to weigh among the various options offered by insurers.
Most insurers offer on their websites a table where you can compare the coverage of each product , and even online insurance calculators to simulate what it would cost you.
BONUS: AT WHAT AGE SHOULD I HAVE A LIFE INSURANCE?
Sometimes we do not start thinking about hiring life insurance until we fall ill and become pessimistic. Error! The best time to buy life insurance is precisely when we enjoy good health . Why? The companies make health questionnaires to assess this status and, in the case of having a problem, you can reject our policy or add certain surcharges.
We hope these tips will help you when making a decision about whether or not to buy life insurance, and if so, which one. And if you have already decided to secure the future of yours, congratulations! From now on you can worry less and dedicate yourself to what really matters, enjoy life with those you love the most .