Life insurance what offers can you take out in September 2024?

Life insurance offers a variety of benefits. The most common is to provide the insured's loved ones with a sum of money to help them maintain financial stability in the event of the insured's death, covering associated expenses and settling outstanding debts. In addition, these insurance policies also act as financial support for the insured in the event of disability that prevents them from generating income, and allow for planning for the future, including a comfortable retirement by generating returns; especially in the case of savings life insurance. Generally linked to mortgages, these products are becoming popular outside of home loans, as a way not only to save but to guarantee the well-being of loved ones in case the worst happens. As with any insurance product, it is vital to compare and find out about the characteristics and coverage of each service in order to make a good decision and not have unpleasant surprises at such delicate times. So that you can do so, below we give you all the keys and show you some of the most attractive products on the market, available through Kelisto.es. LIFE insurance compare and save up to 25% Source: the offers that appear in this space are offers that can be contracted from Kelisto.es and their inclusion does not respond to editorial criteria. Pricing carried out on 01/09/2024 for a 40-year-old insured person and €100,000 of insured capital. Offers ordered from lowest to highest price. INSURANCE COMPANY ANNUAL PRICE (€) Maximum age Capital advance Optional coverage Seguros Nogal €53.90 GO TO OFFER 80 years Yes Permanent absolute disability - Serious illness - Death of both spouses due to accident AXA €55.10 GO TO OFFER 80 years Yes Permanent absolute disability - Serious illness Zurich €72.10 GO TO OFFER 80 years Yes Permanent absolute disability - Serious illness - Death of both spouses due to accident Mutua Madrileña €77.40 GO TO OFFER 75 years Yes Permanent absolute disability - Serious illness Asisa €84.70 GO TO OFFER 75 years No Permanent absolute disability - Coverage for female gynecological cancer What types of life insurance are there? Broadly speaking, life insurance is divided into two types: risk life insurance and savings life insurance. The former will grant the beneficiaries of the insurance (parents, children, partner of the policyholder, etc.) compensation corresponding to the insured capital in the event of death, and to the policyholder in the event of disability. With the latter, it is the person who subscribes to the policy who receives the insured capital (plus the income generated) when they decide, in order to be able to enjoy this extra, generally during retirement. Risk life insurance, in turn, can be contracted with death-only coverage or with death and disability coverage, in order to receive compensation if an accident occurs that requires assistance or prevents re-entry into the labor market. The most important coverages of life insurance Life insurance is based on compensation in the event of death and disability, but it also has some extra services such as the following: Advance for funeral expenses. With this coverage, the beneficiaries of the policy will be able to count on a small part of the capital to cover the costs of the burial and the procedures associated with the death, operating in a similar way to a life insurance policy. Double and triple capital in case of death by accident. If the death occurs unexpectedly due to an accident, the beneficiaries can count on an extra compensation. This coverage is usually contracted optionally and increases the cost of the annual premium. Processing procedures. The beneficiaries of the insurance will receive help with all the paperwork and bureaucracy that the death of a loved one usually entails (request for aid, change of ownership, etc.). Medical chat. For minor doubts about health issues, some life insurance policies offer online consultations with professionals to avoid having to go to a doctor. Why take out life insurance? Opting for a good life insurance policy is a smart strategy to ensure peace of mind and financial protection against unforeseen events such as death or a serious disability that affects the insured or his family. By paying an annual premium, the insurance company guarantees financial compensation to the designated beneficiaries, the amount of which will be determined based on the insured capital and the specific details of the death. This type of insurance also offers solid protection against possible outstanding debts, such as mortgages, that the insured may leave behind, thus providing financial relief in such difficult times and preventing financial difficulties from worsening the already difficult situation. When to change the life insurance linked to the mortgage? Taking out life insurance with the mortgage is convenient for you in the first years of the loan: due to the operation of the French amortization system (the most used in Spain), during the first years you pay back to the bank more interest than capital. Since banks usually give a discount on the interest on their loans in exchange for you taking out this type of policy - and other complementary products and services - it will be worth it to get one, even if its price is not the most competitive on the market. As the years go by and you start to pay off more capital than interest, it is better to change insurance and take it out independently, taking a look at the price and conditions of the best policies of this type using a comparison tool such as the one at