Life insurance and funeral insurance, do not you know what the difference is?
They are two types of insurance that are often easily confused, since both are activated at the same moment: when the insured person dies. Still, they are more different than it seems. Seguros Academy offers you both options and explains what their main differences are.
In the first place, while life insurance covers people from 65 to 70 years of age, at which point they are discharged, death insurance is life insurance, that is, for life.
On the other hand, life insurance is only indemnifying and helps us to cover expenses such as a mortgage, leave an economic amount to the children if they are still minors and financially dependent, etc.
On the other hand, funeral insurance is related to the provision of services, and its objective is to manage and cover everything related to funeral matters that tend to have an inescapably high cost. Through this insurance, we would end up saving if we compared it with what the funeral arrangements would cost us if we did not have said insurance.
Who can life insurance cover? What about funeral insurance?
Life insurance covers you on an individual level, but death policies can be family-related, therefore, they can cover the whole family in the same policy, thereby saving costs.
And finally, How long would it take for this insurance to cover us after death?
You should know that life insurance coverage does not occur immediately, it takes time to occur. However, death insurance will happen instantly.
Do not hesitate to contact Seguros Academy! They will inform you of all the details to hire the best insurance with all the guarantees.
Contact Seguros Academy
| Cándida Carbonell Street, 1 - Local A View in Google Maps | |
| 96 578 03 49 | |
| safesacademy.com |
