life insurance was a product that was not available for a long time. And if they had people, they often focused on the chapter and the investment of the section, often it could also serve as a security for retirement. But that is a thing of the past. Chapter life contracts, which were made in the contract stipulated guaranteed vi, are not even available at the insurance company today. No original contract, if their owner has not canceled it, then b.
And so the life of the investment takes a back seat. If someone has it, the investment clause is only 10 and 15 percent of you. The most common form is life insurance for a short period of risk, where there is no reserve clause as in the case of capital and investments. Blood only risks, explains Eva Svobodov, press spokeswoman for UNIQA pojiovna. In other words, protective clauses dominate contracts today.
Who should judge life?
And that has its own logic. The purpose of the life is to provide for cases when an illness takes the hunter out of the game for a long time or even permanently. And in the event of his death, to provide for his family. Therefore, the need for loans is mainly influenced by the risk associated with the loss of the loan, according to Luk Urbnek, financial advisor of the company Partners. So if someone lives, for example, by renting their own real estate or is financially secure in such a way that they would be able to support themselves even without the opportunity to work, they do not have to apply.
On the contrary, someone who is financially dependent on a loan from employment and business should have insurance. Most likely, it will be fuel for the breadwinners of the family, said Milan Ka, speaking of Kooperativa. It is especially important for young people with mortgages and small children. First, these families have a large income, and on the contrary, their financial reserves are generally not sufficient. The insurance should also be family, it should also include children. Sometimes, the illness of a descendant can also affect families, for example, due to the loss of a child, when one of the family members will have to permanently give up their job.
But it is also important for those who do not (yet) have a family. A failure, even a short-term one, will cause me a financial sweat. Even singles today have mortgages and financial obligations. Their situation can be so paradoxical in many ways, because they are alone in all the relationships. And in the ideal case, single mothers, for whom financial security is a real problem, should have a life insurance.
At what age should the contract be concluded?
It is best to conclude the contract as soon as possible. The entry age also plays a role when it is determined in the insurance, because with increasing age, people become risky clients from the point of view of life, according to Renata Apkov, press officer of the Czech Business Insurance Company (PP). It is therefore ideal to do so while the hunter is young and healthy. Young, because the insurance risk spread over time will be cheaper. Healthy, to be taken at all to drinking water or without fallen wolves. Insurance companies, when setting prices for insurance, work with the probability that something could happen. And with increasing age, that probability naturally increases.
It is ideal to conclude the contract at the age when the hunter becomes independent. However, the usual moment when a person does so is in practice the foundation of a family. We are moving around tictho year vku, to Jan Marek, talk to Generali esk pojiovny. The Cooperative’s statistics speak of an average age of around 100. But they won’t be talking about the first contract. For the cover of all risks, it is optimal to arrange a contract up to the age of 35, after which the price of the risk increases, adds Ka. But it has a single lifelong meaning, regardless of age. For a number of risks, pensioners have an entry age for pensions of up to 70 and 75 years.
How to insure risks
In order for the insurance, if necessary, to meet the requirements, it must be set correctly, both from the point of view of risks and insurance benefits. It is always about being covered for five basic and fatal risks that significantly change the life of the client and his loved ones, i.e. mainly death, disability and permanent consequences of an accident. This is often called sick, explains Svobodov. It is practically always necessary to insure disability and permanent consequences. He put the wrong one on a specific situation. If you are single and do not provide for your family, then most likely you will not need a pension in the event of death. On the contrary, the first born should have it, it should ensure the offspring and until the time of his first extension.
Dal risks u are spe superstructure. These are, for example, daily allowances, daily allowances for incapacity for work and hospitalization. If you agree to such a connection, you call the time it is set up. It will probably be unnecessary to have such a contract arranged from the first day of illness. The sense will have you from the arrest of the second or the current month of illness, to apps.
and for how much
In addition to the selection of risks, it is also important to set the insurance policy correctly. This means how much the insurance company will pay in the event of a payout. It should only be reasonable to compensate for the loss of the loan. Therefore, when setting up insurance policies, you should orientate yourself according to the life situations you might find yourself in and consider how they would affect your financial life.
It is ideal to take a life test, i.e. risk assessment, for the most diverse situations. For example, permanent disability, death, or illness. For each of these risks, you must evaluate the financial impact on the household. This analysis should show how to insure yourself, Urbnek describes. The first such test is the most difficult if the fuse is set correctly. Without it, I can’t fulfill my mission in case of need.
Compared to the past, the situation has improved significantly, but the average contracted disability insurance premium is around one million crowns, Ka said. And that may not be enough, considering that the pension from the pension should cover the loss of your income for several hundred years.
Of course, whether it is possible or not will always depend on the specific situation. For example, when the breadwinner of a family with young children and a mortgage loses his life, without sufficient insurance coverage, it is a huge and essentially inescapable problem. For this client, the insurance premium in the event of death is often at least two or three times the original income, explains Apkov.
Disability insurance is also required. Here it is good to remember that due to the invalidity, it is often not possible to carry out your original profession, and this has a significant impact on financial income. It is also good to have an idea of how much it would cost, for example, to live in a wheelchair-accessible form, due to a wheelchair. Even in the case of disability, it should ideally be a sum of several million.
A high insurance premium can be recommended in the event of a child’s disability, permanent consequences and all illnesses. When this family has enough funds from the grocery store, the child can get the best drink from his family without a significant impact on the family finances.
What will ever compromise you
It costs a few million, but it costs a lot, and that can be a problem for many people. Sometimes it will therefore be necessary to look for an acceptable price compromise.
Optimizing the price for the insurance can be done with the help of decreasing insurance premiums. Some risks decrease over time. Most often, the deposit is, for example, a mortgage. The debt in the bank is not constant all the time, but gradually decreases. It is therefore logical for the insurance premium to decrease, said Urbnek. It is similar in relation to children, running a household, etc. And with decreasing insurance premiums, clients can arrange for continuous coverage for considered illnesses and disabilities, adds the application.
The next step should be to shorten the insurance period. It is not completely ideal, but in this way a reasonable compromise can be reached between the insurance costs at the moment when we take the greatest risk. We risk the fact that if we wanted to renew the insurance policy in the future, it would not be possible due to a change in health status, Urbnek explains.
Pojeovny pich with news
There are a lot of insurance offers for insurance risks. You have to realize that the offer comes mainly from the legislation. The Chamber must be able to help where it cannot be helped, states Luk Urbnek.
One such fundamental change in the legislation began to apply as of this summer. In Germany, the product for the first time will be a new tax suitable for long-term use.
At the moment, we are finishing the preparation of a completely newly built life program, it should be available this year and will be gradually deployed in our distribution centers. It responds to new trends, such as property coverage in tax-optimized forms, as well as cover for other illnesses, including full coverage for minor conditions of these illnesses, minimization of storms and storms, and the like, to Svobodov from UNIQA pojiovna. Thus, Milan Ka from Kooperativa confirmed that they are preparing a new risky type of product in exchange for a hundred clients and the risk of non-independence with data support. And news is prepared by PP.
In addition, grocery stores are more proactive with small innovations even when creating products, more likely to cover risks. For example, PP also insures people suffering from diabetes for an unlimited period of time. Generali esk pojiovna, in turn, modified the full u potion assisted reproduction. The new one can be purchased gradually from the first IVF cycle to the additional head, which is not covered by the health insurance fund, and to the first IVF cycle, which is not covered, writes Jan Marek.
When is it necessary to update the contract?
But those who have a contract should also think about it. as from as they will send a revision of the contract. Ideal for times when your life and financial situation changes dramatically. Typically you in the event of a marriage, when a child is born or, on the contrary, you fly out of the nest, when you take out a mortgage or change employment.
If you have a new contract, any changes will probably not be a major problem. These contracts are very flexible, they can be used to adjust insurance policies and to insure additional risks. And if the consumer improves the product in any way, for example by adding a new connector to it, you will not lose the novelty. Some insurance companies may automatically include it in the policy. It can be worse with old contracts, there sometimes the changes are delayed and sometimes it doesn’t work at all.
