The reasons for taking out life insurance
MoraBanking | 09.07.2016
Do I need life insurance? This is a question we sometimes ask ourselves when thinking about our family’s future. But whether or not you need life insurance depends on your personal and financial situation.
Do you have small children? Do you supply most of your household’s income? Do you have a mortgage or loans with more than 6 digits?
If you answer yes to those questions, then life insurance might help ensure your peace of mind and that of your loved ones.
In fact, life insurance is a way of protecting your family in the event of your death or if you suffer a serious illness or an accident that prevents you from maintaining your current level of income.
Life insurance means you won’t have to worry about whether or not your family will be able to pay for funeral or hospitalization expenses, your loans or mortgages, or simply support your family or pay for your children’s current or future studies.
You have probably already asked yourself the following question: how much does life insurance cost?
But maybe the question should be: how much will it cost me tomorrow if I don’t take out life insurance today?
You can choose to save a lump sum to meet unforeseen costs by making regular payments into savings accounts or fixed-term deposits.
Another way to protect yourself is to purchase a life insurance policy for an insured lump sum in return for the payment of an annual premium. In this way, you won’t need to set aside a sum of money to protect your relatives should you die, as this sum will be covered by the benefit paid out by the insurance in the event of a claim.
You can secure adequate levels of cover for your needs at relatively affordable prices. The cost of life insurance will vary depending on the lump sum you want to insure, your age and the level of complementary cover you want to add (illness, funeral expenses, permanent or temporary disability, accidents, etc.).
In addition, insurance companies usually offer flexible payment options, allowing you to pay the annual premium in monthly or quarterly instalments.
And remember, the most precious thing is our life and that of our loved ones. Life insurance gives you the assurance that your family will always be protected.
At MoraBanc we offer Life, a flexible life insurance policy that can be tailored to meet all your needs in terms of life, accident, serious illness or sick leave cover, so you can maintain the level of protection you want for you and your loved ones.
MoraBanc brings you tailored solutions. For more information contact your account manager and request a quote with no obligation.
Tags: Family Insurances
Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The fact of filling out this form implies that the applicant acknowledges that the information and personal data provided are true, accurate and correct; otherwise, MoraBanc declines all responsibility for the lack of truthfulness or correctness of the data.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.
You may also like
