3 reasons to get life insurance

There are risks that can have a significant financial impact on families’ lives, such as premature death or increased longevity. These risks can, however, be transferred to an insurer through life insurance.

“Life insurance appears as a way to prevent, on an economic level, the consequences of death or survival to a certain age,” explains the Insurance and Pension Funds Supervisory Authority (ASF). Life insurance also allows you to customize the amount of protection based on your needs, through complementary coverage in the event of disability or serious illness.

If you are reading this article it is because you are (rightly) thinking about purchasing life insurance, but you want to be better informed about the benefits of this protection before proceeding. In this article we give you three important reasons to take out life insurance.

1. Safeguard the family’s financial security

If there were no other reasons, this would be enough to purchase life insurance: to guarantee the financial stability of your family in the event of a fatal accident.

In the event of disability or serious illness, life insurance can help you maintain your financial independence and avoid burdening your family with additional expenses, thus preserving their financial balance. There are various protection solutions available that meet everyone’s needs.

In the event of death, life insurance guarantees the payment of compensation, in the amount provided for in the policy, to the beneficiaries (persons designated in the policy in favor of whom the insurance is taken out or, failing that, legitimate heirs). In this way they do not compromise the family’s life plans (for example: children’s education, financial commitments) and safeguard the family’s financial security as they adapt to the new reality.

Life Insurance Plus Premium Protection Plan is a very complete solution that provides a set of coverages to protect yourself in the various situations that most concern families. A good example is education income coverage, which guarantees the payment of a monthly income to children up to age 23.

2. Guarantee financial support in case of disability

There are other serious situations that can jeopardize your family’s financial stability. Have you ever thought about what would happen to you and your family if, following an accident or illness, you were completely unable to carry out your profession, or any other profitable activity in line with your knowledge and skills?

At Generali Tranquilidade you have the opportunity to choose coverage that guarantees you protection in the event of disability or serious illness.

In Seguro Vida Mais Plano Protection you can take advantage of this coverage in the various predefined plans or you can also create your own protection based on your protection needs.

3. Ensure financial protection for serious illnesses

No one is exempt from facing a serious disease, such as cancer, myocardial infarction, stroke, Alzheimer’s, multiple sclerosis, among others. If you are unfortunate enough to contract a serious illness, life insurance offers you financial support with complete flexibility in the use of the capital, thus allowing you to focus on recovering your health.

The Life Insurance Plus Plano Difesa, from Generali Tranquilidade, for example, allows you to choose extended protection that guarantees the payment of the capital for one of the 27 current serious illnesses.

If you opt for Seguro Vida Mais Plano Proteção Premium, you can also combine life insurance with health insurance by subscribing to Protection Extra Care. It guarantees the payment of expenses abroad up to 1,000,000 euros, provided they are pre-authorized by the insurance company, such as expenses relating to hospital admissions; surgical interventions and treatments carried out in hospital on an outpatient basis; medical expenses for consultations, treatments or surgeries; pharmaceutical products; travel and transport by ambulance; and accommodation.

Generali Tranquilidade also offers life insurance against cancer. In question is Vida Mais Vencer insurance. It guarantees protection in the event of diagnosis of invasive and non-invasive cancer, and also provides for an annual check-up for prevention and assistance after diagnosis. Find out how Vida Mais Vencer Insurance works.

Now that you know the main advantages of life insurance, don’t waste any more time, starting from a minimum of €5 per month you can guarantee your financial security and that of your loved ones against unwanted events that could occur and put your family’s income at risk.

To hire the right protection, ask for help from one of our mediators, distributed in various sales points across the country, who will help you protect your family.