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Moments when you wonder if you need Life Insurance

Moments when you wonder if you need Life Insurance

At some point in our lives we may wonder whether we need life insurance. Depending on the situation we find ourselves in and the risks we want to insure, a specific life insurance policy can provide us with a lot of peace of mind and security.


In a life insurance policy we will see the policyholder (the person who takes out the insurance), the insured (the person who is the object of the insurance) and the beneficiary (the person who will receive the compensation). These 3 figures can be the same person or different persons, depending on how the insurance is taken out.


Although it is best not to think about accidents or serious illnesses, we know that this type of thing can happen at any time, and can happen to anyone . That is why it is important to look for options and be prepared for whatever may happen in our lives. Life insurance is a good option, as it guarantees that in the event of any difficult moment (be it death or disability) we will be covered and leave our family with security.


Advantages of Life Insurance

With a life insurance policy we can rest assured that, in the event of death, our beneficiaries will receive the insured amount and this will make it easier for them to continue with their lifestyle.


In case of disability, the insurance will pay us the compensation in the form of an annuity, so that we can cover the expenses that this situation entails.


Also in case of serious illness, life insurance can be very useful, as we can cover expensive treatments and tests necessary when confronted in this situation.


However, these are not all the benefits you can get if you take out life insurance. Here are some other reasons why you should consider taking out life insurance:


1. Mortgages

Most people who own a house have a mortgage. It is important to have life insurance if you have a mortgage, because in case of death the insurance company will take care of the cancellation of the debt and if there is any money left over, it will be paid to the beneficiaries.


2. Outstanding debts

As well as mortgage debts, life insurance can also be used to pay off other types of outstanding debts and thus leave the family free of financial worries.


3. Guarantee your child’s education

The life insurance money your family receives will guarantee your children’s educational future. This will give them the possibility to get a professional education, which is very important in these unstable times.


C1 Broker: Your Trustworthy Insurance Brokerage

At C1 Broker we are at your disposal to help you choose the most suitable life insurance with the best premiums. Call us now on 922 94 16 10, fill in our contact form or send us an email to info@c1broker.es and we will be happy to advise you.

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