Cumulative life insurance - peace of mind in the present and confidence in the future.

Any person is peculiar to experience certain fears. Of course, everyone has their own: some are afraid of loneliness, and some are dark. But there are fears that, to a certain extent, unite all or almost all people. We are talking about fears associated with disability, with weakness and with death.

While a person leads a habitual way of life, earning himself for living, for the purchase of housing, a car and other benefits, he feels confident. However, from time to time he is still visited by thoughts about what will happen to his family if he suddenly falls ill, loses his ability to work or, worse, dies. Naturally, no one in the world can be saved from all diseases and from death, but to feel certain confidence in their future and the future of close people is largely helped by cumulative life insurance.

Unfortunately, many people do not understand how life insurance is different from other types of personal insurance. Although there are quite a few nuances that highlight this insurance product. First, accumulative life and health insurance is issued for a sufficiently long period of time (in contrast to the same medical insurance, which can be issued even for a year, at least for 2 weeks).

Secondly, a person insured under the program of so-called risky life insurance (the contract clearly specifies the risks to which it applies), receives payments even in the event of injuries specified in the contract, or in case of illness (if this is provided by the contract) . If a person has registered accumulative life insurance, then neither trauma nor illness is an insurance event. The policyholder will receive money only in case of incapacity (disability) or death (in this case, the payment is received by the heirs).

At its core, life insurance is a combination of insurance and investment (similar to a bank deposit). But, unlike the bank deposit, the policyholder can not count on high interest on his contract, because it is still life insurance, and his main principle is protection, not profit.

Making out the agreement on accumulative insurance, the client undertakes to periodically deposit certain amounts into the insurer's account, and upon the expiry of the contract, he can expect to receive the entire accumulated amount with interest. He can receive it as a one-time (the insurance amount is fully transferred to his account), and according to a pre-agreed schedule (for example, monthly, as an additional pension).

If an unhappy accident occurs with the insured person or if a severe illness occurs that results in a disability or death, the insurer will pay the full amount of the contract regardless of how much money the client has accumulated from his own contributions.

Of course, it's better to live, to think positively and not to think about possible misfortunes. But, concluding the contract of accumulative insurance, a person gets rid of many fears, providing peace of mind and confidence in the future for his family.