Always it is difficult to choose insurance, We may not know what differentiates one from the other. Today we will try to help by giving you some tips on how to make the right choice of our death insurance.
The type of premium in funeral insurance
One of the peculiarities of this policy is that the we are going to maintain for a very long time. Therefore, we should be concerned not only about what we pay now, but what it will cost us in the future.
Of the types of funeral insurance we spoke at length in the most visited article on our website.
There we explained the differences between:
- Natural premium: annually increases in price due to age and the sum insured.
- Mixed premium: similar to the natural one, but at about retirement age, it evens out.
- Level premium: increases the price only by the service value.
Contrasting capital appreciation and bonuses
The revaluation of the insured service capital is important, as is the evolution of the premiums paid.
The service capital is the cost limit that the insurance company will assume to pay for the funeral service. It may vary between insurers, but should in principle be sufficient to cover all the services offered.
How do they vary premiums, The fact that companies in their projects must show that evolution over the years.
Experience of the insurance company in the sector
More and more insurance companies are offering death insurance policies. However, in this insurance, experience is important.
As it is a service policy, we recommend that you take out the funeral insurance with an experienced company.
The only exception to this: that a main reason for taking out the policy is the guarantees and services that accompany the policy, as we will now see.
Complementary funeral insurance cover
Increasingly widespread are the guarantees that accompany the main funeral service guarantee.
As a way of adding value, insurers are seeking to “bundling” the funeral insurance of services and guarantees to be enjoyed in life:
- Free telephone number for medical consultations
- Online Will
- Free mouth cleaning
- Travel assistance
These are just a few examples.
International transfers and repatriations
If you do not want to have any problems, you should check that your insurance covers the not only national, but also international relocation.
Similarly, if one of the family members is going to live abroad, even temporarily, we should let the company know. In this way, it can be covered by a clause.
At PIB Group Iberia We have been working with funeral insurance for a long time, and we work with the leading companies in this type of policy.
Don't hesitate, and count on the consultancy of our brokerage to find the peace of mind you are looking for.
