What you should know about savings insurance?

Endowment insurance includes life insurance and health, as well as program storage, preservation and increase of capital by the insured. Thus, a person enters into a contract with an insurance company and within a certain period of time is committed to pay annual premiums. It is worth noting that this type of contract is at least 5 years and the maximum threshold of 25 years. It is known that about 10% of the annual fee is spent by the insurer for insurance coverage for the client, and the remaining 90% goes to his personal account at the insurance company. Dispose of their own means would be possible only after the expiry of the contract, and a variety of ways: to withdraw all their savings at a time, to receive monthly payments for a certain period (eg 10 years), or a lifetime pension. Insurance, in fact, - the financial risk protection, and life insurance helps ensure the future security of our clients and their families, regardless of unforeseen circumstances, says the president LLC NSG Life Insurance Natalia Chumak. As an example, Chumak mixed results in the classic program of life insurance, combining the risks of "Survival", "Disability" and "Death" Here the mechanism of providing insurance protection will be as follows: The client regularly pays a fixed premium, and the amount he plans to get through many years, negotiated at the conclusion of the contract. This amount is guaranteed to him from the first day of the insurance contract. If the day happens insurance case, his family will be paid in full the entire sum, which he planned to get 10 or 15 years. If no unforeseen circumstances arise, then the stipulated time, these same 10 or 15 years, he receives the amount planned, plus an additional income, which was formed as a result of investment activities of insurance companies, -