Life insurance, deaths, funeral: their respective characteristics

Life insurance, deaths, funeral: their respective characteristics

Life insurance, death insurance and funeral insurance

Life Insurance, Death Insurance and Funeral Insurance: These notions are regularly confused by the public and yet they do not always have the same vocations. Life insurance is indeed a savings product allowing the subscriber to collect a capital at maturity. Death insurance, she provides for the granting of a capital to her beneficiaries if he does. Finally, funeral insurance covers its funeral expenses.
Life insurance, advantageous investment

Life insurance consists of saving to pay premiums to its insurer so that it invests them. This insurance can be subscribed for many reasons: clearing savings intelligently, realize a project, plan the future of children, make sure a comfortable retirement ...

This contract has a deadline, but it must last at least 8 years to be tax-interested. At that date, and provided that it is alive, the insured will enter into a capital containing funds paid with interest. It also has the possibility to request the payment of an annuity until one's death.

It has the choice between several forms of placement. It will evaluate their respective risks with its financial advisor or insurer.
The contract in euros

The sums are invested with supports with guaranteed performance. They can be treasury bills or obligations among others.
THE CONTRACT IN ACCOUNT UNITS

Here, savings is placed on various supports generally in shares or real estate. Performance is often higher than that of euro contracts. However, the risks are more consistent, the selected investments are not sure to be profitable. The investor will therefore assume losses in case of decline in the market.

Good to know: Multisupport life insurance consists of one or more funds in euros and may at the same time provide contract units contracts.
Funeral insurance for well-conducted funeral

Subscribe to funeral insurance is to benefit from custom funeral while preserving his family of a possible financial embarrassment on the day. The contractor has the opportunity to fuel it at one time or by constituting its capital through several deposits. This fund will only be unlocked until its death and will only serve its funeral.

Two formulas are available to him:
The capital contract

The amount provided for in the contract will be paid to the beneficiary a few days after the death declaration with the insurer.
The benefit contract

Here, the subscriber entrusts the organization of his funerals to a professional funeral pumps. It will detail the points that are important to it such as the course of the ceremony, the funerary act (cremation or burial), the choice of the coffin or the urn, the type of flowers, the purchase of the concession, the concession, the funerary monument, etc. In his contract, he will also be able to specify that no charges will be charged to his heirs in case of exceeding the invoice.