When it comes to protecting the economic future of your relatives or the people who depend on you, taking out comprehensive life insurance is the best decision. In the face of a dramatic situation such as your death or an accident that prevents you from working permanently, cushioning your monetary capacity is practically essential. Here ‘s how life insurance against all risks can help you and your loved ones stay afloat in the midst of a dramatic situation.
Comprehensive life insurance: what it is and what coverage it offers
Life insurance is a product designed to offer economic protection to families that depend on the income of the policy holder . In the event of death or disability, the life insurance is activated, ensuring the economic stability of the family unit for a reasonable time until it can be stabilized again.
It is usually confused with death insurance , but the reality is that they are very different and intervene in very different circumstances. Although both are related to the death of a person, life insurance offers different coverage.
Where applicable, a basic life policy provides compensation to policy beneficiaries in the event of the owner’s death. However, it is the all-risk modality that offers much more complete coverage in the event of temporary or permanent disability, death by accident or serious illness.
All-risk insurance coverage
Absolute permanent disability
Accidental death and traffic accident death
Comprehensive life insurance is also activated in cases of disability due to a traffic accident (not included in any other modality), second medical opinion and medical guidance 24 hours a day . Like the rest of the types of life insurance, the fully comprehensive also includes the online notarial will and burial expenses .