The Reasons For Life Insurance

Five reasons for life insurance
Life insurance is reliable. For last 100 years in world practice cases of bankruptcies of the companies on life insurance are not known. As a whole, the financial markets are moving towards integration and globalisation when large and financially powerful players absorb the small. However, in these cases the insurer only wins as becomes the client of more prestigious and financially reliable insurance company. In Ukraine solvency and financial stability of the companies is rigidly supervised by bodies of the state control and in case of revealing of any infringements instructions on correction of the given situation.

Purchase of the policy does not only guarantee protection to its owner and a family but also brings in the income, provides tax privileges. Buying an insurance policy you receive first of all protection of and the family (it can be protection on a case of loss of the supporter, for warranting to children of prestigious formation, maintenance of worthy pension). Plus you can receive the income at a rate of the guaranteed 4 %, plus the additional investment income which will depend on strategy of the insurance company on investment of reserves.
Last years the total investment income with which provides to the clients of insurance company of a life, fluctuates within 11-17 % annual. Considering a social role of insurance, the state has created tax privileges for insurers giving possibility of reception of the tax credit at a rate of 15 % from the sum of the annual insurance award.

It is not necessary to postpone policy purchase.

The life policy of assurance can appear necessary at any age and a situation. The policy on a case of loss of the supporter will not leave a family without support in a difficult minute. Any kinds of memory programs will allow to provide the future of the child in the form of the saved up capital to wedding, for study or to any important vital event. Pension program will appear by the way at the moment of a retirement. After all the demographic situation which will take place within the next 10 years leaves few hopes of well provided old age.

So, number of the working population will be considerable below number of people of a pension age. It means that the earlier you we will get a memory insurance policy, the easier it will be to you to save up the necessary capital. As approaching a pension age «accumulation loading» will increase more and more. And on reaching 60 and more years the insurance companies cannot accept you on insurance. It is not necessary to forget and about medical inspection which will demand to pass some companies at the conclusion of the long-term policy of assurance of a life. Presence of certain diseases and also age are taken into consideration and increase policy cost.

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