Ideas to protect your family if something happens to you
Dad, mom ... what will become of us if one day you miss? Many parents are paralyzed by this question and, it is normal to start thinking about how we would change our children's lives if something happened to us and how they would face the multitude of expenses that arrive at the beginning of the month, such as mortgages, Children or receipts from the community, water, gas, electricity or telephone.
Whether the father or the mother are missing, facing the usual expenses of a family with this important drop in income will become a hard and difficult task. However, if we are proactive it is possible to have this situation controlled thanks to family protection insurance.
When we begin to worry about what might happen to our family if something happens to us, it is time to take out family protection insurance that leaves our partner and our children financially covered, whether we suffer an accident, a disability situation or the result is death.
The fundamental purpose of family protection insurance is the generation of savings to cover the family in the event of a situation that affects their standard of living, such as the death of the people who contribute most of the income. family However, they also protect the family in case of accident or illness, as long as it prevents the interested party from continuing to work to obtain the usual economic performance.
What family protection insurance interests us the most?
It depends on the situation of each family and the time or age of the insured. And is that for any unforeseen event is a problem for the pocket of our family we can choose between taking out life insurance, personal accident insurance, health insurance or illness or dependency insurance. To decide which one interests us the most, we must know them thoroughly.
Life insurance they are indicated for families with children, that is, for couples who are over 30 - 35 years old and are parents. They allow cushioning the loss of income, since the product ensures capital or income in case of death of the insured, an extra supplement to the widow's pension and other complementary coverage such as disability or death by accident.
Life insurance is a historic one and remains one of the most demanded by the head of the family. The policy must cover at least 5 years of regular income until the family can reach recovery. Therefore, when contracting the policy it is advisable to make numbers to multiply by 5 the annual income of the family and manage life insurance according to them.
These insurance also cover all expenses and procedures arising from death such as burial, burial or transfer of the body, so that the family does not deal with these issues at such a delicate moment.
Personal accident insurance They are related to the rhythm of life we lead. The constant trips of work or pleasure that force us to drive vehicles or take airplanes, the practice of sports, whether or not risk, or the professions where the insured is at risk of suffering a mishap, have contributed to more and more families demand this type of insurance and have become the most contracted in recent years.
This insurance will pay all coverage in the event of an accident that leads to hospitalization or temporary total disability in case of death due to a traffic accident, myocardial infarction or stroke, death of spouses in a traffic accident with children under eighteen years of age or incapacitated, reconstructive plastic surgery due to accident, permanent and absolute disability due to accident, total temporary work disability, hospitalization due to accident ... and in addition, they provide for special coverage for health professionals due to the professional contagion of HIV and hepatitis B, C and D.
Another type of family protection insurance is known as health insurance or illness, which include special health coverage in case of suffering from a disease or illness. With a policy of this type, medical or surgical assistance would be covered, as well as all medical expenses that the insured person needs at any given moment in any place of the world. If the result is a temporary discharge or hospitalization, there is also the option of receiving compensation, previously established in the policy.
And as we live more and more years and nobody wants to be a burden for their children, insurance companies have included in their family protection plans, dependency insurance, so that insured persons with disabilities can continue to develop their lives with economic tranquility despite not being able to fend for themselves.
Dependence insurance allow a monthly rent to be charged if the insured reaches the dependency situation, and another equivalent to three months during the first 31 days to help with the initial expenses you need to condition your home or buy the necessary equipment, such as a chair of wheels, that needs to be developed.
With this policy you will also ensure you receive 100% of the contracted life annuity and in case of death you will ensure you and your heirs charge the first 12 months of rent.
These are some of the possibilities we have to be prudent and have family protection insurance that is versatile and that allows us to live with the peace of mind that if something happens to us, our loved ones will not be left without the base that covers their first needs, but they will be able to continue with their studies without having to start working before provided.
Marina Berrio
