The modern pace of life we live, often leaves us no room to wonder if there is a way to ensure the financial well-being of the people we love. We make plans professionally and create financial obligations, which we undertake to fulfill, of course with the assumption that we will be healthy and conscientious. But what will happen to our financial obligations if we leave life? Will our children be able to follow the plans we have decided to support financially? Here comes the Temporary Life Insurance insurance coverage to secure the dreams we have made for them.
But let’s start from the beginning…
Temporary Life Insurance or Simple Death Insurance covers the risk of the death of the insured and compensates the beneficiaries with the insured capital.
The insurance starts on the start date of the contract – provided that the entire premium or the first installment has been paid and ends on the specified expiration date. In case of survival of the insured, no amount of money is paid at the end of the insurance policy. People from 18 to 70 years old (always depending on the company) can be insured on the condition of good health at the date of entry into the program.
The cost of a Temporary Life Insurance contract is calculated based on the age and profession of the interested party, the duration and the insured capital that will be selected. However it is very affordable.
Temporary Life Insurance is recommended for head of households or single-parent families (eg to financially secure the dreams they have made for their children), self-employed (eg to pay off debts that are open), business owners, partners and generally people with debts, borrowings, debts, but also people with real estate (to secure inheritance acceptance taxes) etc.
In the event that the insured dies suddenly, the beneficiaries designated by the insurance company or the legal heirs, unless explicitly mentioned, will receive the amount of compensation. With this money they will be able to repay any debts and inheritance taxes and continue to live with dignity.
Get detailed information today from Katerina Charalambidou and wedo.insure – your personal insurance agent, about the cost and the required amount of insurance and protect the people you love!
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