Life insurance policies: the liquidation of the heirs

By taking out a life insurance policy, the contractor enters into a contract with an insurance company and undertakes to pay premiums in respect of which the occurrence of a future event, the insurance will liquidate the capital accrued to a beneficiary, with payment in a lump sum or as an annuity.

The instrument is designed to protect against the risk arising from the death of the insured, but also as a mechanism to build a supplementary pension.

Types of life insurance policies:

If life is a form of savings and investment because they provide, at maturity, the payment to the beneficiary of a capital (in single mode or through rent) but do not cover death from the event, and if the insured person is missing before the deadline, would be paid to the heirs only the premiums already paid;

If death: it covers the risk associated with an event, that of the death of the insured, and therefore provides for the settlement of a capital only if the insured were missing before deadline;

Mixed: if the insured dies before the deadline, the beneficiary would be liquidated capital, while in the case of existence of the insured at the end, the bill would take the connotation of case life, providing for the lump-sum payment or middle income.

A good investment should be safe and liquid, and ensure the use of the prizes in a proper and profitable, and one of the advantages of investing in a life insurance policy lies in the fact that the amounts will not be subject to inheritance tax and income tax.

The latest changes introduced by Decree CresciItalia also provide the opportunity to apply for payment of the capital up to 10 years after the deadline.

15/12/2012

----------------------------------------

Translated via software

----------------------------------------

Source:

Italian version of ReteArchitetti.it