Term Life Insurance from MetLife
- The Purpose of "Life" Insurance: "Life" insurance aims to financially secure the family by ensuring the maintenance of their living standard in case of unforeseen illness or accident leading to death.
- Financial Security for the Family: The insurance payout, specified in the contract, replaces income for a set period, allowing the family to adapt, cover debts, and meet current expenses. It is recommended that the coverage amount be 3 to 5 years' worth of salary.
- What is Term "Life" Insurance: This insurance provides financial protection for a fixed period. The policyholder pays a premium, and in case of death, the insurance company pays a benefit to the designated beneficiaries.
- Coverage Duration: The duration and amount of coverage are chosen based on individual needs – for example, the age and financial dependence of children until they become independent.
- Death Benefit: This is a monetary amount paid to the beneficiaries upon the death of the insured person within the policy term. The policyholder sets the amount of the benefit when entering into the contract. The funds can be used to cover expenses such as funeral costs, unpaid loans, mortgages, or replacing income.
- Who it is Suitable For: This type of insurance is often chosen by people seeking affordable coverage for a specific period, especially if they have children, outstanding debts, or a mortgage they wish to secure.
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.
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.