Types of Life insurance Policies and what they could cover.
Life Insurance:
Our families are the most important thing in our lives. We would always want to do what ever we can to provide a secure life for them. The idea of this type of comprehensive cover is to protect your family at every moment. With this policy you can be relaxed that your family will be looked after what ever may happen.
An agreed sum of money is paid to the beneficiaries of the policy in the event of the insured’s death but the life cover can normally be combined with a range of additional covers to suit your situation. Insurance Premiums can usually be paid in a variety of ways, including annually, half-yearly, quarterly, or even monthly.
Additional covers available typically include:
Permanent and total disability
Double compensation in the event of accident or death by accident
Triple compensation in the event of accident or death in a traffic accident
Additional capital in the event of death from a heart attack
Addtional capital in the event of simultaneous death of a designated other person.
Terminal illness cover
Some insurance companies will offer an ‘off the shelf’ policy alternative where the benefits are fixed. This type of cover does not normally require a medical and can be put in place quickly. They won’t suit everybody but can be useful if you require simple ‘no nonsense’ cover.
Self Employed Protection:
The self employed are a major contributor to Spain’s economy but often find they have limited protection in the event they suffer an injury and cannot work. With this in mind insurance policies have been developed for the self-employed. They include life insurance cover, temporal or permanent disability as a result of an accident and hospitalisation cover. The premiums can often be written off as a business expense (please consult your accountant).
Accident Insurance
Providing you with tranquility and the protection you need these types of policy provide an annuity in the event of a successful claim. They can include all the basic accident cover you would expect with this type of contract such as death or disability but also additional covers including hospitalization indemnity and associated medicine expenses.
In case of death or disability the beneficiary can receives a quarterly payment for ten years.
Some insurers will also provide worldwide cover if you have an accident whilst traveling.
Life Insurance:
Our families are the most important thing in our lives. We would always want to do what ever we can to provide a secure life for them. The idea of this type of comprehensive cover is to protect your family at every moment. With this policy you can be relaxed that your family will be looked after what ever may happen.
An agreed sum of money is paid to the beneficiaries of the policy in the event of the insured’s death but the life cover can normally be combined with a range of additional covers to suit your situation. Insurance Premiums can usually be paid in a variety of ways, including annually, half-yearly, quarterly, or even monthly.
Additional covers available typically include:
Permanent and total disability
Double compensation in the event of accident or death by accident
Triple compensation in the event of accident or death in a traffic accident
Additional capital in the event of death from a heart attack
Addtional capital in the event of simultaneous death of a designated other person.
Terminal illness cover
Some insurance companies will offer an ‘off the shelf’ policy alternative where the benefits are fixed. This type of cover does not normally require a medical and can be put in place quickly. They won’t suit everybody but can be useful if you require simple ‘no nonsense’ cover.
Self Employed Protection:
The self employed are a major contributor to Spain’s economy but often find they have limited protection in the event they suffer an injury and cannot work. With this in mind insurance policies have been developed for the self-employed. They include life insurance cover, temporal or permanent disability as a result of an accident and hospitalisation cover. The premiums can often be written off as a business expense (please consult your accountant).
Accident Insurance
Providing you with tranquility and the protection you need these types of policy provide an annuity in the event of a successful claim. They can include all the basic accident cover you would expect with this type of contract such as death or disability but also additional covers including hospitalization indemnity and associated medicine expenses.
In case of death or disability the beneficiary can receives a quarterly payment for ten years.
Some insurers will also provide worldwide cover if you have an accident whilst traveling.
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