Life insurance is a way to prevent, on an economic level, the consequences of death or survival at a certain age.
These consequences can be shared by transferring the responsibilities to a life insurance company.
In what situations is life insurance activated:
Family:
- Upon a death situation, this insurance is activated for the family.
Self:
- In the event of Total and Permanent Disability in which the Insured Person is unable to exercise his/her profession or any other gainful activity compatible with his/her abilities, knowledge and aptitudes.
- In case of Absolute and Permanent Disability, in which the Insured Person, besides not being able to exercise any gainful activity, needs assistance from a third party for vital needs, such as feeding, dressing, etc.
- The amount received may be used to pay off debts such as housing, children's schooling, consumer credit, funeral expenses, or associated medical expenses.
