Why is it important to take out life insurance?
Taking out life insurance allows you to better plan your estate, protect your heirs, cover your debts and even act as an investment lever. In fact, life insurance can provide financial security for your heirs in the event of your death.
In addition, it can be used to better plan the transfer of your assets to your heirs, as well as covering estate tax costs. This planning can help minimize tax burdens and ensure the continuity of family businesses. If you have significant debts, life insurance can help pay them off, easing the financial burden on your family. Finally, some forms of life insurance can be used as an investment tool, to increase capital for retirement or other projects.
Find out more by talking to your AccèsConseil advisor to learn about all the advantages and get a quote tailored to your reality.
The different types of life insurance
Several life insurance solutions exist. That's why it's important to be able to count on the knowledge of an experienced advisor who can guide you according to your needs and reality.
Term life insurance
This insurance offers coverage for a set period, generally ranging from 10 to 30 years. So if the insured dies during the coverage period, the beneficiaries receive the death benefit amount.
Permanent life insurance
This insurance provides coverage for the entire life of the insured. It is divided into two distinct sub-categories. Universal life insurance, which offers flexibility of premium amount and death benefit. It also allows the insured to make investments in the insurance contract. Whole life insurance, which provides a fixed premium and a guaranteed death benefit, which can also include dividends.
Which amount should I choose?
Many factors can influence the amount to choose, such as your age, health, income, number of dependents, debt load and long-term financial goals. Your AccèsConseil advisor will draw up a complete portrait of your reality and your aspirations so that you can subscribe to a suitable amount of life insurance.