Life Insurance
Spanish insurers entered 59.884 million Euros in 2011 premiums, 1.2% more than in the previous year, according to the Security Industry Association (UNESP). Is the main reason for this increase in crisis? The life insurance policies, in which growth-estimated between 7% and 8% in 2012 – seems to be the savior of the industry.
Basically, life is insurance covering the death of the subscriber, thereby benefiting others, usually relatives. This means that life insurance is especially interesting in those cases where some people’s livelihood depends on the income of another, either because this is the only working life or because of shared large debts is impossible to tackle alone.
Life insurance
As for the price of life insurance varies depending on the insured’s personal circumstances (age, number of children,) and the desired coverage. As always, nothing more appropriate to look and compare before you decide.
Tips for life insurance contracts
The Organization of Consumers and Users (OCU) recognizes that a life insurance contract can be a good alternative, but recommends contractors to inform themselves thoroughly before you sign anything, become important aspects such as the coverage to which each part is intended of the premium or the APR of the contract to maturity and / or in the event of redemption or reduction.
Continue reading