The concept of insurance goes back to the time of the Romans,
but it is only at the XVIIIe century that it took precise forms. It primarily
consists in distributing the financier risk between a great number of people
who cotisent with a common case. It is a way to minimize the costs in the event
of unexpected reverse.
Life insurance makes it possible to protect your survivors
or the people with your load against serious financial problems. Life insurance
policy is a contract between you and an insurance company which guarantees,
to your death, the full payment of the assured capital.
- Which capital to subscribe ?
- How to calculate the amount of insurance life you need?
One generally estimates that the capital necessary must represent
between five and seven times your net income. But to evaluate your own situation,
it will be necessary for you to carry out an analysis financial needs. That
will give you an idea of the capital which your survivors will need after your
death. It will be taken into account the goods they will have then, the debts
which they will have to settle, and the incomes of which the family will continue
to need. Every qualified life insurance agent can also help you to make a more
complete analysis of your financial needs.
It is important to revise your needs of insurance regularly
and being able to change according to your family and professional circumstances.
Attention also on the inflation, which could decrease the value of your insurance.
- You need life insurance ?
Some elements of cogitation...
- If you share your life with somebody, what is your contribution in the household
budget ?
- If you die prematurely, how will take out there your survivors, especially
your children with load?
- Other persons depends on you financially : parents, grandparents, brother
or sister?
- If your house is mortgaged, do you want that the balance of the loan mortage
holder is refunded with your death?
- If you have children, do you want to put money on side so that they can continue
their studies after your death?
- Do you wish to leave money to other members of your family or at certain organizations?
- Could it play a role within the framework of transmission of a commercial
or agricultural company by succession ?
- Could it be useful to pay the tax on the goods transmitted to descendants
with your life insurance ?
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