For many years, we have been focusing on the personal insurance, i.e. insurance intended for protecting families, We have a wide range of policies, from those that we might consider humble to those where the income can be higher. Each of our clients has different needs, and that is what we are there for, to identify them and choose the policy(ies) that best meet them.
What types of insurance are considered «personal»?
When it is created by the insurance companies insurance, it is usually because there is a niche of the population that needs it. This is the essence of personal insurance: either by thinking of a niche population, or by thinking of a niche population. protect your health, your assets, or your family's future financial peace of mind.
Health insurance
They are the ones that have grown the most in recent years, due to the progressive slowness in our Social Security, whether for simple consultations, diagnostic tests or surgeries. With this insurance we speed up the deadlines, gaining in health, it is true, because there is nothing worse than knowing you have a problem, but having to wait months to get tested and find out the result of the test.
Life insurance
They guarantee compensation in the event of:
- Death of the insured person: the beneficiaries of this insurance would receive money to finance a better future. Being aware of the family tragedy that this already entails, but avoiding the economic hardship that could be caused by not having this policy.
- Permanent disability of the insured person: In this case, and being aware of the underlying financial loss at the time of being diagnosed with a disability that prevents us from working forever, the compensation will help the family to enable this person to receive better treatment. It also compensates for the lack of income thereafter.
In a post a few weeks ago, we offered some information to help better understand the importance of life insurance and who usually subscribes to it.
Accident insurance
With a similar purpose to life insurance, they differ in that only the latter cover illness (in addition to the accident). Accident insurance, on the other hand, only guarantees this compensation for death or disability if the contingency that causes it is the accident.
Insurance against sickness benefit or sick leave
Designed for the self-employed. Social Security benefits, in 90% cases, are much lower than in the case of employees (we leave you an entry about the benefits for self-employed workers). reasons for taking out sickness insurance).
Long-term care insurance
Designed for middle-aged people, with the advantage that the amount of the premium is tax-deductible, just like the contributions to the pension plan. They offer an indemnity if for any reason we are declared to be severely or severely dependent.
Death insurance
Probably, the death insurance is the most widespread of all those mentioned, due to the existing tradition in our country. As is the case of health, death insurance grows year after year. Covers funeral expenses in the event of the death of one of your insured persons.
Travel insurance
It is also a personal insurance, as it is primarily intended to cover health care expenses incurred abroad.
Of all these insurances, which one is of interest to me?
As we have said, each person and family has their own needs, some of which are more important than others, depending on their economic situation. Logically, the higher the income or economic capacity, the greater the need for insuranceto maintain the family's standard of living, to facilitate the payment of inheritance taxes, etc.
If you need us to offer you this advice on personal insurance completely free of charge, at PIB Group Iberia We will be happy to do so. Call us or write to us, and protect what worries you most.
