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Greater protection
A number of options, called riders, allow to adapt your life insurance policies to your personal needs. Here some examples:
Accidental Death and Dismemberment:
If you die in an accident, your beneficiaries receive an additional amount equivalent to capital insured. Benefits can also be paid if you lose the use of a limb or sight as a result of accident.
Waiver of premium in case disability:
If you become totally disabled, this amendment guarantees the payment of premiums and the maintain of your life insuarnce policies. (The guarantee usually start indeed after a certain period of disability, six or nine months, for example.)
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Various Insurance Policy Types |
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Advantages of the various insurance policy types
Although multitude types and names of insurance policy can disconcert, they summarize all to two principal forms of insurance life: permanent and temporary. In general, needs with long term should be covered by a permanent insurance, and them short-term needs by one temporary insurance. Often, better formula lies in one combination of the two types.
What is a temporary need ?
It can be a question, for example, of to refund a loan mortage holder, of to guarantee an income continuous as long as them children are young, or to cover commercial engagements.
And permanent needs?
It can be the sums necessary to pay the funerary expenses, to round the income of a survivor, to cover the tax to be paid on the profits in capital at the time of death (especially if family goods are transmitted to descendants), or still to provide for the needs of the children who, often because of a disability, remain with load all their life.
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