It can help you improve your finances

by time news

2023-08-09 06:25:57

Life insurance can provide financial security for you and your family in case of unforeseen events, and also become a long-term investment. In addition to providing financial protection for your loved ones, life insurance can be a great way to save money.

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Many companies of insurance in Colombia They offer life insurance plans with savings, notes the legal outlet Tributi, which allow you to save money over time. This money can be withdrawn upon death, or it can be withdrawn during your lifetime for purposes such as retirement, educating your children, or buying a home.

According to the insurance portal, Asegurar Mejor, having life insurance can also help you create the habit of saving and ensure that your money does not lose its value over time.

According to the company Metlife Colombia, a life insurance with accumulation and savings offers benefits such as being insured, saving and having the profitability of the service portfolios of the contracted entity.

In addition, premium payments may be tax deductible and insured amounts may receive tax exemptions in certain circumstances, explains the legal portal Legis.

Some specific advantages of these insurances include:

Protection in the event of death from any causeHospitalizationProtection in the event of total and permanent disabilityProfessional advice and product adjustments depending on your needsImmediate coverage for deathCoverage in case of accident and illness, both in death and in total and permanent disability

If you’re considering buying life insurance, it’s important to compare different plans and policies to find the one that best suits your needs and budget. You should also make sure you understand the terms and conditions of the insurance before you sign the contract.

#improve #finances

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