Is It Necessary To Insure Your Life?
Wednesday, August 18th, 2010The insurance – today we quite often hear this word. Medical, automobile, the habitation and property insurance, obligatory and voluntary, they will protect us from severe losses in case of unforeseen circumstances. And as with life insurance. From what we will be protected by such insurance and is it necessary in general?
If to glance in the encyclopedia, definition the insurance sounds chilly enough: Insurance is the system of economic relations having for an object, indemnification from what or casual events also provides, as a rule, regular long-term financial relations between the insured and the insurer. But after all it is a question of human life to whom the insurance company will pay damages and in what sum it is possible to estimate human life.
The matter is that life insurance provides not only payment of the certain sum of money to the person specified in the contract in case of death of the insured person. More often, the life insurance purpose is accumulation of money resources, to what or to event in human life, for example to pension or to majority.
We take, for example, young parents, in their family recently there were children but they do not belong to rich levels of population. If the kindergarten and school does not demand the big money resources study in college, institute or university stand expensively enough. To postpone every month the small sum of money for the insurance account is much more conveniently and easier without causing thus a material damage to a family than then it is not known to take whence some tens thousand dollars on training of children. Or one more case: the young man has got a job. Earnings are not big but stable, in the same way as well as in the first case, small, as a rule, monthly payments will help him to collect the decent sum up the time of a retirement. All memory period, the insurance company uses money of the client for the discretion, putting them in various actives. It can be: bank deposits, securities, real estate, etc. These operations bring in the percentage income and are called – capitalization. And so at the expense of this capitalization, by the time of insured event approach that is when the insured person lives to the certain age specified in the contract, the sum saved up by it considerably increases. Here there are some variants of payments: the insurance company can give out at once all sum then validity comes to an end, or as it happens more often, the life annuity is paid to the insured person. Kinds of payments depend on conditions before the signed contract.
It is as to voluntary insurance but such kinds of trades where without the insurance not to manage in any way obligatory. For example, the mountaineering, would seem is and not a trade at all, and the extreme hobby, appears not for all. There is a military and industrial mountaineering, and here not to hobbies. Now parts exist in Germany, Italy, the USA, Russia, France, Switzerland and other countries. And industrial climbers work on building of skyscrapers, serve support of huge bridges and even wash windows of skyscrapers. As, rescuers should be necessarily insured, they are workers of the Ministry of Emergency Measures, firemen, police, workers is mountain-life-saving services. The life of these people is exposed to everyday risk, and in case of their destruction a family and children should not remain left to the mercy of fate.
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