The choice of a life insurance policy like the family one must consider your family's needs and expectations.
Likewise, it must offer means of payment that correspond to your reality.
Why is it important to have family life insurance?
Family life insurance is a way to ensure that your family members (spouse and children under 21 years of age) are covered in case of the unexpected absence of a loved one due to:
- Natural death;
- Death by accident.
In addition to funeral assistance, family life insurance also allows the contracting party to be assisted during his/her lifetime in case of:
- Illnesses considered serious, leading to loss of autonomy;
- Partial or total disability due to an accident;
- Permanent disability due to major accident, such as irreversible damage to a major body part, for example, total loss of sight in one eye;
- Temporary disability when time away from work is required.
These variations depend on the coverage offered in the contract, so it is important to be aware and choose the best family life insurance alternative for your specific case.
How to choose the best family life insurance?
Check below some items that should be observed before choosing the ideal life insurance for your family:
1. Analyze the coverage
As mentioned above, many clauses can be inserted or removed from a family life insurance contract.
To define the scope of the contract, consider your needs and particular information such as your age, previous illnesses and possible risk factors, lifestyle, family history, and exposure to life-threatening environments.
2. Evaluate values and payment methods
Besides contracting a family life insurance policy, it is important to have the means to keep your payment on time for as long as necessary.
Therefore, evaluate the values of the installments and consider the feasibility of taking on this investment.
3. Check for age limits
Some insurance companies may limit access to policyholders over a certain age, since it deals with issues related to death or disability.
Therefore, make sure that the service contracted is in line with your expectations.
