How to choose the best life insurance?

However, the reality is that knowing what the right insurance should be is an extremely complicated task. Think about it, in the end insurance is an investment that allows you to have support and protection, but unfortunately it can happen that, when using your open care final expense plans, it does not cover certain events or it simply cannot be made valid.

Although it is something that nobody wants, they are things that can happen. Therefore, before hiring insurance you should consider some essential aspects, so that when you must use it you avoid a surprise that will ruin your life.

Hire the best life insurance with savings?

It can always be said that hiring the best life insurance is a medium and long-term investment, so the people who hire the protection must be sure they have what they need.

It is a reality that on many occasions, when claiming the policy, the owner discovers that many coverages were not contracted, that the insured amounts were insufficient, that there are terms and conditions that were not read, or that were not well explained.

Remember that when hiring life insurance with savings it is extremely important to have done a good research on the insurer from before and once chosen, read and fill out the questionnaires in detail since a wrong filling could mean a significant decrease in the insured sums, something that could be fatal when covering claims.

Although it sounds complicated, you should always be absolutely certain about the coverage, insured amounts and terms and conditions of the policy, otherwise, at the time of the loss, the insurer may not endorse it.

What to keep in mind when taking out life insurance?

The most common question when purchasing life insurance is what should be taken into account? Regarding this, the National Commission for the Protection and Defense of Users of Financial Services ( Condusef ) points out that before hiring insurance, you must define what you want to insure.

Whether you want to insure property, wealth, life, or illness, each goal has a cost and different legal implications.

Once you have defined that, the next thing is to ask the costs, commissions and policies of the insurers that you have mapped. Of course, the Condusef emphasizes that you should never sign anything until you have understood the main characteristics that make up the policy.

Experts recommend that it is vitally important to approach the insurance agent to explain, clearly and simply, the terms and conditions that your insurance implies.

What is the best life insurance?

As you read above, there are different types of insurance and of course, institutions that offer it. An example is the life insurance for business owners that Konfío and Seguros Argos have designed.

This insurance offers protection with an insured sum of $ 500,000, $ 1,000,000 or $ 1,500,000 pesos that can be decisive to protect the family of any employer.

As we mentioned, the important thing is to review what each insurance offers and in the case of life insurance for business owners, it offers for example:

• Double compensation for Accidental Death.
• $ 50,000 advance to cover immediate or funeral expenses.
• Up to 50% advance payment for terminal illness.

That is just one example of the different types of life insurance offers that exist in Mexico. Always remember to investigate well what each one offers you and thus be able to make the best decision.