Unfortunately, the risk of death is a reality. Whether in order to protect loved ones or to fill family pension gaps, the specific needs of owners or the mutual coverage needs of spouses, cohabiting partners or business partners, so-called “pure risk” life insurance is an effective way to protect the insured person around them.
The insured person decides on the capital paid in the event of death and when it occurs, the capital will be paid to the relatives named in the contract and will allow them to avoid financial difficulties.
Two types of pure risk death insurance:
With constant death benefit
A single amount is guaranteed for the entire duration of the contract.
With decreasing death benefit
The starting amount decreases over the years, which reduces the cost of insurance.
Complete basic coverage
There are several supplements to risk insurance that allow you to best protect your loved ones:
- In the event of death, the insured capital is doubled.
- In the event of incapacity for work, a pension is paid, which is ideal for people who do not contribute to the 2nd pillar.
- After a certain period to be defined, the insured no longer pays his premiums, but the coverage is still assured
