Temporary Life Insurance enables the insured to secure a capital for its beneficiaries for a specific period of time that he chooses (10 – 20 – 30 years etc).
Usually this type of coverage is chosen by parents who want to secure the living and study expenses of their children in case they leave life prematurely.
Reduced Capital Life Insurance could also be called borrower insurance as it is commonly used to provide beneficiaries with a capital, which is reduced each year in order to repay loan installments.
Virtually in each annual renewal the insured amount in the contract is smaller.
Lifetime Life Insurance is a life insurance with a lifetime and savings character. It covers the risk of death of the insured for the rest of his life.
Gives to the beneficiaries the amount that has been agreed at any time even if the insured dies.
Recommended for anyone interested such as family heads, freelancers, business owners, people with loans and debts or real estate. Provides beneficiaries with money to pay off debts and inheritance taxes.
Mixed Life Insurance is the ideal combination of protection and savings. It combines Life Insurance and a refund at the end.
It is especially useful for those whose income depends on their loved ones as well as for those who, while anticipating the problem that will arise with state pensions, find it difficult to make savings.
Usually yes. The usual tactic is that the company requests the medical history of the candidate to be insured, as well as relevant medical opinions. Depending on the profile of the candidate, as well as the amount of the coverage capital, the company can request pre-insurance examinations. A pre-insurance health check is usually requested in funds over € 30,000.
Sometimes yes. It depends on what program you have chosen. In the insurance market there are programs from both categories.
The maximum usual entry age for most insurance companies in Greece is 65 years. It varies slightly depending on the insurance company. In any case, you must be healthy as the company has the right to reject your insurance claim.
Group contract coverage provides the initial basic coverage that is usually not enough for all your needs. For example, the usual coverage funds of the Life capital coverage range between € 10,000 – € 70,000. In addition, having an individual contract, you can meet your real need. Of course you must first have learned what your need is and the only way is to investigate insurance needs.
In order for an insurance company to give you capital coverage for death due to illness, unfortunately, a necessary condition is to be healthy. So the best time to insure is today.
On the other hand, death due to accident does not have the same insurance conditions. It mainly has to do with your profession, your activities, hobbies and how dangerous they are considered.
A congenital disease is a disease or condition that afflicts someone from the time he/she was born as opposed to acquired health problems. Usually insurance companies do not exclude this coverage unless explicitly stated in the terms.
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