Best online life insurance policy: our guide
Have you considered the internet to find and purchase your life insurance policy? Offering several advantages, the online life insurance contract is a real alternative to life insurance taken out in agencies. Through this guide we will help you find the best life insurance contract online.
What is life insurance used for?
A very popular savings product in France, life insurance allows capital to be accumulated which will then be paid out to designated beneficiaries.
Long-term savings, life insurance offers attractive compensation that helps prepare for retirement, finance a project, or prepare for our succession.
There are different forms of life insurance contracts that we present to you in this guide.
The advantages of the online life insurance contract
Before returning to the different contracts, their characteristics and the criteria for choosing the best online life insurance contract, let's take a look at the strengths of the online contract.
First, it is much more convenient and faster to study different insurance offers online than to have to go to different branches. Then, all the procedures are also carried out directly on the internet via the website of the bank or the insurer. This solution saves time and improves accessibility, since you can purchase life insurance directly from your PC, smartphone or tablet.
The online life insurance contract is also more economical. In fact, you save on administration fees and on the rate applied, which is often lower than that charged by physical agencies.
How do you find the best life insurance deal online?
What type of contract to choose?
The online life insurance contract comes in 3 types: the life contract, the death contract and the life and death contract.
With the life contract, the saver decides whether at the end of the contract the capital is paid to him or is distributed to the beneficiaries. In the event of the saver's death, the capital is distributed to the beneficiaries when it expires.
The death contract makes it possible to accumulate a capital which will be paid back to the beneficiaries upon the death of the saver.
In the case of the life and death contract, if the saver is alive when the life insurance contract expires, the capital is redistributed to him. Otherwise, the capital is paid to the beneficiaries.
The online life insurance contract is also available in 3 media formats: euros, units of account (stocks, bonds, etc.) or multi-media (euros and units of account).
It's up to you to define which formulas suit you best among these different online life insurance contracts.
What are the costs of the online life insurance contract?
Several fees are associated with the life insurance contract. First, the saver must pay an application fee at the time of subscription.
Then, the governance of the contract by the insurer gives rise to management fees. Likewise, each time the saver makes a deposit, he or she must pay an entry fee. In the case of a unit-linked or multi-support contract, arbitration fees apply to each transfer of units of account.
How are the payments made on the online life insurance contract?
To choose the best life insurance contract online, the saver should also consider the type of payments (premiums).
He can opt for a payment only at the time of subscription, provided he has sufficient savings.
Another possibility: fixed and periodic payments. In this case, periodically, the saver must pay a premium of an amount defined by the contract.
If they want more leeway, the saver can opt for variable premiums. This solution does not involve a fixed amount, but a minimum amount, and the saver can make a payment whenever he wants depending on his savings capacity.
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