Term Life Insurance from MetLife
Life Insurance
The purpose of life insurance is to secure your family by providing them with finances and guaranteeing their standard of living should the unthinkable happen to you due to unexpected illness or accident.
The insurance benefits, as stated in the contract, will replace your income for a certain period, allowing your family to adapt, cover your debts and other expenses. Therefore, it is advisable that the coverage amount equals 3 to 5 of your annual salaries.
Term life insurance provides financial coverage for a specific period. The policyholder pays an insurance premium (the price for the insurance) and in the event of death, the insurance company pays benefits to the beneficiaries specified by the policyholder.
The duration of the insurance and the coverage amount are usually selected based on needs, such as the age and support of children until they become financially independent.
The death benefit is the sum of money paid to beneficiaries when the insured person dies during the policy term. The policyholder determines the amount of the death benefit at the time of purchasing the policy. Beneficiaries can use the death benefit to cover any expenses, such as funeral costs, unpaid loans, mortgages, or income replacement.
Term life insurance is often chosen by people who seek affordable coverage for a specific period, such as when they have children, unpaid debts, or a mortgage they want to cover.
Insurance Covers
Death due to illness
Death due to an accident (such as a car crash, etc.)
Term life insurance is designed to alleviate the financial consequences for the insured's family in case of loss of life. It provides payment of benefits upon the insured person's death, regardless of whether it resulted from illness or accident. The amount of coverage you can choose through Boleron ranges from 20,000 to 400,000 euros and is usually determined by the client according to their needs and preferences. The most common guiding principle is the amount of your debts or necessary funds for children's support and education.
Insurance Term
Actions for a Claim
You can download a sample Claim Notification form from here: Claim Notification
- Notification of the occurrence of an insurance event;
- Death certificate and death notification (from the certifying doctor);
- Certificate of heirs;
- In case of accidental death – police report;
- In case of death from illness – medical documents;
- In case of a critical illness – all available medical documents.