DISCOVER 7 ADVANTAGES OF INSURANCE FOR PEOPLE WITH DIABETES
Differently from what was said before, people with diabetes may have the opportunity offered by some insurance companies to take out life or disability insurance. In fact, insurance for people with diabetes constitutes an important factor of financial security for the family, as well as peace of mind for the insured.
Furthermore, there are many advantages behind an insurance contract for those who discover they have diabetes , which we usually don’t realize. There are benefits offered, extra services and other advantageous conditions specific to life insurance. Continue reading and discover 7 advantages of insurance for people with diabetes.
1. Financial protection for dependents
The main function of life insurance, as well as its most common motivation, is the financial protection of dependents or another loved one. This way, in the event of an unexpected absence or disability, these people will be supported with quickly available resources.
This is an aspect that is even more important the greater the number of people dependent on the insured. Consider, for example, a couple with children having one of the children’s grandparents as a dependent of one of the spouses. How to guarantee protection and resources for the family?
Thus, life insurance is the main initiative that can be taken for the financial security of those we love. In addition to protecting the family from the burden of a sudden absence, insurance offers other advantages to the insured person as well.
2. Peace of mind for the insured
The first peace of mind that insurance brings to the insured concerns the certainty of financial protection for their loved ones, as mentioned in the previous item. However, the reassuring effect is not limited to the certainty of protection, but goes further.
In a competitive world, where stress is almost permanent, worrying about family is the biggest burden to bear. In this way, being able to get rid of this burden of worry results in less stress, affecting the quality of life. Thus, the simple fact of knowing that the family is protected reassures and reduces the stress in which we are generally immersed.
3. Possibility to take advantage of extra services
In addition to direct financial support, the main objective of the insurance policy, there is a variety of extra services that make everyday life easier and can be enjoyed. These services must be specified when purchasing the insurance as a type of customization of the policy.
Therefore, you must include those that are important to you and your family and dismiss those that you have no real need for. In turn, some benefits such as agreements with pharmacies that offer discounts on medicines , cell phone applications, among others, are offered at no cost.
4. Compensation according to needs
In general, companies usually take out collective insurance to include their employees. However, you and your family may have greater needs than those offered by the company’s plan.
This way, individual life insurance can be tailored to the family’s needs. This way, the standard of living you want to protect can be maintained in your absence. In other words, you continue to care for those you love.
Guidance from a good insurance broker can indicate the possibilities offered by the market. This means your insurance policy will have a greater scope, in addition to being more suited to your needs and family standards.
5. Compensation exempt from income tax
A major concern, quite common when it comes to financial resources, is the amount of money taken up by taxes, especially income tax . However, this is not the case with the compensation paid by life insurance.
6. Compensation does not participate in inventory
This is an important advantage regarding the transmission of resources arising from insurance compensation: it does not participate in the inventory. This means that the funds go directly to the beneficiary(ies) named in the policy.
As the heirs are usually within the family, the insurance ensures that they are not left helpless during the inventory process, which can often be quite time-consuming. Furthermore, the transaction does not require bureaucracy and the process is quite simple and straightforward.
It is for this reason that life insurance can be a good way to carry out succession planning, even for those who do not yet have built up assets. With insurance, an amount is guaranteed to the beneficiary based on the payment of small amounts by the insured person.
7. Advantageous cost-benefit ratio
In general, a good insurance broker can present a range of possibilities offered by insurance companies with great products at a very affordable cost. Therefore, when it comes to life insurance, the cost-benefit ratio is very advantageous.
The options available for the different situations that each person’s demand presents allow for the elaboration of a proposal that is economically favorable to the insured person. And, whatever your case, there will always be an insurance plan that suits your needs and your budget.
In the end, you will realize that taking out life insurance is not an expense, but an excellent investment. In fact, as seen, it is about building a financial asset for your family.
Thus, insurance for people with diabetes represents a guaranteed way of protecting the family in the event of an unexpected absence. Furthermore, they offer a series of advantages that characterize them as a very good investment.