Life Insurance Policy - Advantages for Seniors |
Posted: February 10, 2018 |
Do you think about taking out a life insurance policy? First read these 10 tips before you take out a life insurance policy! Tip 1. A life insurance policy is not necessary.But it can be useful, for example as an apple for thirst. If you now set aside a month by means of a life insurance policy, you will soon have a nice savings. Keep in mind that self-saving is often disappointing, and if you do it through a life insurance policy, you know for certain that things are going well. Tip 2. A life insurance policy is important for your next of kin.Of course that is something you would rather not talk about, but it is important. If you unexpectedly die and you have taken out a life insurance policy, your next of kin, who already have a hard time, will not be saddled with, for example, the costs of a funeral. These can then be paid from the life insurance benefit. Tip 3. A life insurance policy often depends on a mortgageA way for a mortgage lender to make sure that the money is paid in time is taking out a life insurance policy. This means that if you have reached a certain age, the life insurance policy will be paid out with which the mortgage debt can be repaid. Tip 4. Life insurance is not deductibleThe premium that you pay for a life insurance policy is not deductible, but if you also insured the risk of incapacity for work with the same insurance, that part of the premium is deductible again. The consequence of this is that a benefit that may be received in case of incapacity for work is taxed again. Tip 5. Do you already have a life insurance but do you want to stop it?That is possible, that is called making a premium. This means that the money you have saved will remain, but that nothing will be added, so that the amount at the end of the ride is lower than if you had continued to pay premium. In any case, you no longer have to pay a premium and there is still something left. Tip 6. If you want to stop altogether, you can buy off your life insurance policy.That's what they call surrender value, then you get a large part of your already paid premium back, but not everything. Actually, that is sin money, and you better try or continue to pay or make the life insurance premium free. Tip 7. Be economical on your policyAs with many other important documents, your policy is also a document to be economical because it still represents a certain value. So make sure that you keep your (life) insurance papers in good condition, for example with your other policies, such as your household contents insurance. Tip 8. Compare before you make a decisionIt may be worthwhile to compare the different premiums of different insurers. You can easily save a lot of money. There are also indexed life insurance policies, which means that the insured value increases annually, you can compare it with inflation. Now 1% in itself does not look like much, but if you consider that your life insurance will run for many years, such a thing can still be quite nice. In those comparisons you should not only look at the premium, but also what is attached to it. One society can have very different conditions than the other, where there may be major differences in paying premiums and surrender values. Pay careful attention! See this article to read more informative tips. Tip 9. Life insurance gives peaceRest for your partner, for your children, in short, everyone who would have to deal directly with your eventual death. You do not have to think that your loved ones will be worried after your death that you could have prevented with one policy, so to speak. Tip 10. A life insurance policy is something other than a funeral insuranceDo not forget it! With a funeral insurance, your funeral or cremation is covered, whether or not in kind. A life insurance policy is very different, which can also cover other costs such as mortgage payments, study costs for children, etc. If you have taken out a funeral insurance, do not think that you are there.
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