Life insurance: the best protection for your family
At PIB Group Iberia we are aware that the family is the most important thing. That's why we want to help you protect them in the event of any unforeseen event with the best life insurance to protect your family.
What is life insurance?
A life insurance policy is a contract whereby the insurance company undertakes to pay a capital sum to the designated beneficiaries in the event of the insured's death.
Why take out the best life insurance to protect your family?
There are many reasons why taking out life insurance is a smart decision:
Protect your family financially:
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Example: Imagine you have an outstanding mortgage. If you were to die, your family would be in the difficult situation of having to meet this expense without your income. The best life insurance to protect your family would provide them with the necessary capital to pay the mortgage and avoid losing their home.
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Calculation: According to the INE, the average mortgage in Spain is €140,000.. A life insurance policy with a capital sum of €150,000 would ensure that your family can cover this expense and maintain their home.
Peace of mind and security:
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Example: Knowing that your family will be protected in case something happens to you will give you peace of mind and allow you to enjoy life without worry.
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Testimonial: «Since I hired the best life insurance to protect my family With Engloba, I sleep much more peacefully. I know that my family will be fine if something happens to me». - Olga Guardiola, client of Engloba Insurance Brokers
Widow's or widower's pension supplement:
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Example: The widow's pension in Spain is €854 per month (in 2023). This amount may not be sufficient to cover the needs of the family, especially if there are dependent children. The best life insurance to protect your family can be a very important complement to ensure the economic well-being of your family.
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Calculation: According to a study by the OCU, 60% of widowed families with children see their income reduced by more than 30% after the death of their spouse. Life insurance can help cover this difference and prevent the family from having to dip into savings or debt.
How to choose the best life insurance to protect your family?
When choosing a life insurance policy, it is important to consider:
- Your family's needs: What expenses would your family have to face in the event of your death?
- Your budget: How much can you afford to pay for the insurance premium?
- The coverage offered by the insurance: What type of cover do you need (death from any cause, accident, serious illness, etc.)?
- The insurance company: Choose a solvent and experienced insurance company.
At PIB Group Iberia we will help you choose the best life insurance to protect your family that best suits your needs and we will offer you the best conditions on the market.
And if you would like more information, call us or visit us at any of the following locations OUR OFFICES and we will give you the best personalised advice on everything related to your life insurance.
