WHAT ARE THE INSURANCE OF SURVIVAL?

WHAT ARE THE INSURANCE OF SURVIVAL?

Survival insurance is additional coverage of life insurance for which the insurer undertakes with the insured to abon1arle established capital if it has not died before the end of the contracted time. This is an incentive for those who fear losing their money. And as the majority of the people planning to - or rather want to - live beyond the limits set by the insurance of life (between 65 and 75 years), many give up take out such insurance. Survival insurance is a financial guarantee, and a perfect complement to retirement.

In general, life insurance are classified into different types, according to certain characteristics. On the one hand they are risk insurance, or insurance of death. With this insurance the insurer guarantees the payment of the amount contracted to beneficiaries who receive it if the policyholder's death prior to the termination of the contract. In the event that the insured live after the end of the same, shall not be the compensation.

For its part, the insurance of survival what is guaranteed is the payment of a sum once surpassed the date of completion of the contract. This safe mode can be combined with the previous one, resulting in a product of riesgo-ahorro which benefits the client both in the event of death prior to the termination of the contract as in the case of overcome the stated age.

TYPES OF INSURANCE OF SURVIVAL OR SAVING INSURANCE

The following types of insurance of survival or saving insurance include:

SAFE UNIT LINKED: 

Unit linked insurance, the policyholder assumes the investment risk of the same, i.e., the result of the investment.

INSURED WELFARE PLANS (PPA): 

These plans are insurance contracts individual who’s legal and fiscal regime is assimilated to individual pension plans.

SYSTEMATIC SAVINGS (PIAS) INDIVIDUAL PLANS: 

It’s individual insurance of long-term savings in which the registrant receives a lifetime annual income if you live at a certain age established in the contract.

ANNUITIES: 

These insurance guarantees the insured payment the amount of an income during every year of his life. Income can be adapted to the family characteristics of the insured, and they can be combined with additional benefits in the event of death or return of contributions.