WHAT IS WHOLE LIFE INSURANCE?

WHAT IS WHOLE LIFE INSURANCE?

It is likely that you've heard about whole life insurance: what? What it differs it from normal life insurance? What advantages do you have? If you've done yourself any of these questions, want to the information we have prepared for you in this article in which we will respond to these and other questions about whole life insurance.

Life insurance is one of the modalities of insurance most popular in the people category. Whole life insurance aims to provide capital to offset the loss of income caused by the death of the insured to the person designated as beneficiary or even help the heirs a capital that can meet the costs of transmission of goods or guarantee the payment of debts or mortgages without having to resort to the rest of the inheritance that could have been perceived.

In this kind of life insurance, the insurer is obliged to pay a capital on the death of the insured regardless of the time in which it occurs. Against agreed provision may be in the form of income or capital and although it has a high risk component, also has a savings component.

The disbursement of the premiums in two ways can be in whole life insurance: lifetime premium, i.e., on a regular basis until the moment of death; either temporary premium, i.e., premiums are paid for a specified period, such as 20 or 30 years, although the insurance coverage extends until the incident covered is death.

If you do not know this type of life insurance is convenient to know that you it's a fairly popular insurance that many insurance companies offer what if finally thinking about acquiring one we recommend that you study well the benefits and prices that can offer you is that at the end, the best product will be one who can offer you many advantages at the lowest price.