Life insurance is useful at any time in life, because people are not exempt from suffering any injury or disability that prevents them from carrying out their work activities. According to gurus on the subject, social benefits are not money that manages to sustain a family that is going through a difficult situation.
There are several ways in which life insurance can be presented, including: disability coverage, death. However, the last option is the most common in the Spanish territory. Why? This is derived from the affective part of the person, in this case the family of first level of consanguinity is clearly impaired their quality of life, especially the economic part, many expenses can no longer be supplied by the person who dies, since Be it the debt you own for housing, study of children, or even if you are an entrepreneur, your business can fluctuate.
An interesting question is to define the best moment in the life stage in which a person can or should acquire life insurance. The gurus claim that the perfect age is between 30 and 50 years old because at that time people acquire a higher level of indebtedness due to their employment position and income.
It should be borne in mind that life insurance may not always cover what is commonly expected, for example, there are several types of insurance for permanent or total disability and absolute disability.
But the best option for which people should always be inclined is permanent or total because this will allow them to work with a disability with which the person is, in a reduced way, but will allow them to continue with their working life, while the second case is Very unlikely in the population worldwide that this happens.
In the case of the beneficiaries, the type of situation that has arisen depends, for example, in the case of disability, the contributing person is the one who will receive this benefit, for the death it is usually the family of first level of consanguinity if at the moment it is separated and / or without spouse. The contributor at any time can make changes to the insurance claim conditions for either X or Y reason.
If a person suffers from an illness, the insurer has every right to demand a medical diagnosis to assess the degree of risk of the policy, as long as the amount to be insured is high. However, if the degree of risk of the policy does not cover a high amount, there will be no need to request such a diagnosis, only a questionnaire issued by the contributor will suffice.
But such a person has a serious illness or can not apply to a life policy to lead a normal life, because people should be cautious in the organization of their life, nobody can predict the future, so you must be prepared for any unforeseen.
This type of organizational situation is not so common in Latin American people, there should be awareness campaigns led by each government of the country, that teach the importance of them to people, so that they can be young or in their age Old age to meet your financial expenses in the best way and thus not become a burden for your family or spouse.
Security, as is known, is one of the primary needs for the human being, since people face daily uncontrollable situations, they are exposed to countless risks, which in the worst case can cause the loss of what was built in many years or even in a lifetime that takes a long time to bear fruit. To cope with all this and live in a calm and carefree way is ensuring either life, or material goods.
Insurance can minimize the economic impact that you may suffer as a result of an unexpected event. The bank is the entity that proposes to acquire life insurance in case of having a mortgage, however what it is likely is that the same person requires that they have life insurance to respond to the debt in the event of a loss before Previously mentioned, the small print (very small) defined relevant aspects of the contracts, which were overlooked by the consumer, who ended up ignoring aspects that could leave him at a disadvantage compared to the service he was acquiring.
As for the small print, it was common for the contributor to know such information when the incident occurred, but when the business was agreed, the contributor had to give his signature even without demanding to know such information, at the time of the incident he also ended up acquiring the same.