Life insurance

Life insurance provides financial protection for the insured's relatives in the event of unforeseen circumstances, ensuring the family's security and maintaining their standard of living.

UP TO 400,000 €
COMPENSATION LIMIT
NO MEDICAL EXAMINATION100% ONLINE,
NO PAPER
UP TO 400,000 €
COMPENSATION LIMIT
NO MEDICAL EXAMINATION100% ONLINE,
NO PAPER

Term Life Insurance from MetLife

MetLife is among the largest and oldest life insurance companies in the world. The company was founded in 1868 in the USA and operates in more than 50 countries, serving over 100 million customers. MetLife has been operating in Bulgaria since 1999 as a branch of its pan-European company "MetLife Europe" headquartered in Ireland, offering life and health insurance.

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.

The insurance term affects the price, but we recommend choosing a longer period to have continuous insurance protection for your family since there's always a risk that your health might deteriorate during or after an insurance lapse, and the insurer could refuse to insure you again.
Example: If you have a 10-year-old child and you want them to be financially secure if something happens to you before they reach adulthood, it's good to choose an insurance term of 10 years. The reason is that if you choose a 5-year term and decide to renew it after 5 years, your health condition might have worsened, and the insurer might refuse to insure you.
Whatever term you choose, you can terminate the insurance at any time by refusing future payment installments.
In case of a claim event, it is necessary:
1. Fill in a Claim Notification form provided by the insurer.

You can download a sample Claim Notification form from here: Claim Notification

2. The following documents need to be provided:
  • 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.
3. The completed Claim Notification and additional documents should be sent to: office@boleron.com
4. The insurer will review the claim and documents within 15 business days and may request additional documents or decide on the claim.
Additional Information:

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