Life insurance is one of the preferred investments for seniors. But it is important to learn about the various offers available and the costs associated with the purchase before making a decision. Here are some tips to guide you on the right choice of contract.
Two types of contract
Insurers offer two types of contracts. If you opt for a contract mono support, you put your money into a single investment vehicle which is usually a special fund called "euro". In this case, you have a guarantee on the capital which is invested primarily in bonds. This product has the advantage of a relatively high yield of up to 4%. With the ratcheting enjoyed this fund, the interest definitely pass credit your account.
If you choose to invest in a multi channel, a wide range of investment funds available to you. Insurance companies suggest several systems, such as mutual funds, Mutual Funds and diversified funds on monetary assets, stocks or bonds. You can also opt for thematic funds, such as those invested in emerging markets or gold. It should however be noted that the performance of these materials is variable. Values may fluctuate downwards or upwards.
The various costs involved
Like any other savings product, you must provide certain fees for subscribing to life insurance. Upon signing the contract, you have to pay fees that amount to a maximum of 5% of the capital invested. If you are a good negotiator, you can receive a discount. A tour on the Internet is also needed. The vast majority of contracts offered on the web are exempt from such fees.
Year, your insurer will charge a management fee of your contract equivalent to about 1% of the amount of the agreement. The management company will charge an additional fee if you invested in units of account. As for the costs of arbitration, they vary between 0 and 1%. You can request termination of the contract within 30 days after the first payment, through a letter addressed to your company. It is committed to a full refund of sums already paid within 30 days after receipt of your request.
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