Insurance

What to consider before getting a life insurance

The greatest positive of having a life insurance is the fact that if something happens to you, then your family would be insured. But this is not the only benefit.

What to consider before getting a life insurance

There are some other advantages of the life insurance for which most people are unaware about such as: the tax advantage, state insurance, savings nature and additional income.

1. Where to start?

Life insurance is a long-term investment and as such is more viable if it is taken for a longer period of time. This is why it is better to consider some of the main financial aspects of this products. What do you want to achieve? Do you want to insure yourself only or another family member as well? What premium could you afford to pay and for how long? Do you only want to protect your family in case of an accident or illness or do you want to earn an additional income as well? According to the answers of these questions, you can chose the best policy for you accordingly. It is recommended that you work with an insurance broker, who could find different offers for you and help you make the right choice.

2. Tax advantage and state guarantee

According to the law, the policy installments reduce the tax base with up to 10%. Also, the policy beneficiary does not owe inheritance tax. Another advantage of the life insurance is that the savings under this policy are guaranteed by the state through a Provisioning fund and can’t be seized. And the insurance itself is valid through the territory of Bulgaria and the whole European Union.

3. Savings nature and additional income

The most popular life insurance policies are the ones that allow you to secure your retirement or the future of your kids. The savings insurance allows you to receive additional pension, pay for your kids’ education, as well as make a payment for a home or a car. Also, upon the policy’s maturity with this type of insurance you will receive the full amount paid as well as the accumulated return over the years. And in the event of an insurance claim, the aforementioned right is not affected.

責任ある取引: CFDは複雑な手段であり、レ バレッジのために急速にお金を失う危険性が 高くなります。 このプロバイダーと差金決済 取引をするとき、個人投資家のアカウントの 79.17%がお金を失います。 あなたはCFD取引 の仕組みや、お金を失う高いリスクがあるこ とを理解し、検討すべきです。

Coming soon

18 days until the new lending, investing, and insurance.