Insurance risks for life insurance are: What is important to pay attention to when taking out life insurance? Insured under the program "Survival of the Insured until loss of permanent job"

Is a specific form of long-term savings Money. It can be used as an independent type of life insurance, or be part of mixed life insurance.

Notes

LIVING INSURANCE- A type of life insurance that provides for the payment of the insured amount in connection with the end of the insurance period, the achievement of a certain age, or the occurrence of a specified event in the life of the policyholder or the insured. Payment is made when... ... Economics and insurance: Encyclopedic Dictionary

Life insurance is insurance that provides protection of the property interests of the insured person related to his life and death. Life insurance is usually associated with the long-term interests of the policyholder/insured person due to... ... Wikipedia

INSURANCE, a system of measures to create a monetary (insurance) fund at the expense of contributions from its participants, from the funds of which damage caused to individuals and legal entities by natural disasters, accidents, as well as... ... Modern encyclopedia

- (English unit linked insurance plan) is a hybrid of the classic endowment insurance life with an investment component in the form of assets investment instruments. That is, part of the portfolio, at the request of the client, is placed in... ... Wikipedia

- (life assurance) An insurance policy that pays a certain amount of money in the event of the death of the person who insured his life (life assured), or in the case of an endowment assurance policy, the amount... ... Dictionary of business terms

SURVIVAL, I, Wed. (official). The time that remains to live until death, as well as the time that remains to live somewhere else. Insurance on the village. Ozhegov's Explanatory Dictionary. S.I. Ozhegov, N.Yu. Shvedova. 1949 1992 … Ozhegov's Explanatory Dictionary

Life insurance is the opposite of death insurance. For life insurance sum insured paid if the insured survives to the moment fixed in the contract. If the insured dies during the term of the contract, no insurance payment is made.

All types of life insurance can be grouped into two subgroups:

Capital insurance.

Rent Insurance.

Capital insurance combines types of insurance that aim to accumulate a large amount through the systematic payment of small contributions, which is paid in a lump sum. Capital insurance includes:

savings insurance;

wedding insurance;

children's insurance;

mixed life insurance, etc.

Rent Insurance includes types of insurance, the terms of which provide for the gradual expenditure of contributions made in the form of regular payments. An example is pension insurance.

The terms of the life insurance contract may contain benefits for the policyholder:

Reduction of the policy.

Redemption amount.

Reduction of the policy means a reduction in the amount of the insured amount when the payment of insurance premiums is stopped and the insurance contract is maintained. The pension amount is calculated based on the amount insurance reserve at the time the policyholder makes a decision to reduce the policy. The policyholder may reinstate the reduced policy. In this case, the policy will again receive its previous characteristics, subject to payment by the policyholder of all unpaid premiums and the established technical percentage. Technical interest refers to the increase in funds included in the calculations insurance tariff for this type of insurance.

Under loan In life insurance, we mean the provision by the insurer to the insured person of a certain amount against the security of a reserve formed from the premiums paid under this agreement. The maximum loan size coincides with the size of the fund accumulated as a result of making insurance premiums. As a rule, a life insurance loan is issued at an interest rate that is significantly lower than that established on financial market. The loan can be issued no earlier than after the expiration of a certain period from the date of conclusion of the insurance contract (usually no earlier than two years). The maximum period for which a loan can be issued is limited by the age of the insured person, upon reaching which the insurer must pay an annuity or pension to the insured person. If the loan is not repaid within the specified period, the insurance contract is considered terminated. In this case, the policyholder and the insured person lose the right to receive any insurance payments and the redemption amount.

A distinctive feature of types of life insurance is that the policyholder has the right to receive redemption amount upon early termination of the contract at the request of the policyholder or insurer . The redemption amount represents part of the savings formed under the contract on the day of its termination and is payable to the policyholder. The amount of the redemption amount depends. Its size depends on the insurance premiums actually paid, the length of the expired insurance period and the validity period of the contract, as well as the applicable rate of return. The insurance contract may provide that the policyholder's right to the redemption amount does not arise immediately after the contract enters into force, but after some time, for example, after a year. Typically, the right to a redemption amount arises provided that the contract has been in force for at least 6 months. An exception may be contracts under which the insurance premium is paid in a lump sum. Upon receipt of the redemption amount from the amount formed insurance fund The insurer's expenses for servicing this contract are deducted. If the insurer violates the terms of this agreement, then the policyholder is paid all funds in full.

By life insurance the insurance amount is paid if the insured survives to the moment fixed in the contract. The amount of the insured amount is determined at the conclusion of the latter, and it is usually made up of the insurance premium paid and the planned income from investing this premium. When the insured dies during the term of the policy, no insurance payment is made and only the premiums paid are returned to the policyholder.

A distinctive feature of types of life insurance is that the policyholder has the right to receive the redemption amount in case of early termination of the contract. Redemption amount represents a part of the savings formed under the contract on the day of its termination, which is subject to payment to the policyholder. Typically, the right to the redemption amount arises provided that the contract was valid for at least 6 months (more may be established long term). This requirement of the insurer is related to ensuring the stability of its insurance portfolio, i.e. numbers

and the structure of existing insurance contracts. The amount of the redemption amount depends on the length of the expired insurance period and the period for which the contract was concluded. For example, with a 5-year insurance period, the redemption amount after 6 months of the contract is approximately 75% of the accumulated savings, and after 4 years and 6 months - 98.5%.

Among the large number of types of survival insurance, two subgroups can be distinguished: capital insurance (amounts) and annuity insurance (annuities). The first subgroup combines types of insurance that aim to accumulate a large sum, which is paid in a lump sum. TO capital insurance include savings insurance, marriage insurance, children's insurance, mixed life insurance, etc. The second subgroup includes types of insurance, the terms of which provide for the gradual expenditure of contributions made in the form of regular payments. Rent Insurance also combines many species, of which the most prominent pension insurance. Let's take a closer look individual species life insurance.

Capital insurance

Savings insurance provides for payment of the insurance premium in installments and payment of the insurance amount if the insured survives until the end of the insurance period. When applying for insurance, there is no requirement to fill out a questionnaire about the health status of the insured, and even more so to undergo a medical examination. This is understandable, since people with poor health do not benefit from insurance. This type insurance is to some extent similar to a bank deposit, because the insurance amount received represents the premiums paid, increased by the amount of investment income. IN foreign countries Savings through an insurance company have advantages over banking, since the former provide higher income due to long-term investments. Another advantage of savings through insurance is the exemption of income received by the insured under long-term contracts (for a period of 5-10 or more years) from taxation.

Peculiarity insurance for marriage(other names: wedding insurance, dowry insurance) is that the insurance amount is paid when the insured survives until the end of the insurance period and the occurrence of a conditional event (registration of marriage or reaching the agreed age for the wedding, if the marriage is not concluded). The insured here are parents, grandparents and other close relatives, and the insured is a child usually no older than 15 years of age. The purpose of such insurance is to guarantee the insured the receipt of the insured amount upon marriage, even if during the insurance period the payment of insurance premiums is stopped due to the death of the insured.

Since the insurance conditions stipulate that the contract continues to be valid after the death of the policyholder, insurers set strict requirements for the age and state of health of those wishing to insure their children and grandchildren. Insurers can be relatives of a child aged from 18 to 72 years (other age limits are possible), but in such a way that on the day of expiration of the insurance period they are no more than 75 years old. In this case, the insurance period is determined as the difference between 18 years and the age of the child on the day of filing the application for the conclusion of the contract. For example, a 67-year-old grandmother cannot insure her 8-year-old granddaughter, since at the end of the insurance period (and it will be equal to 10 years: 18 - 8) her age would be 77 years, i.e. above the maximum permissible. But in this case, another relative of the child may become the policyholder. However, usually, regardless of age, insurance contracts are not concluded with disabled and seriously ill people.

As already noted, the death of the policyholder during the insurance period does not terminate the contract and, as a rule, does not release insurance organization from accepted obligations. However, in a number of specified cases (the death of the policyholder in connection with the commission of an intentional crime or as a result of driving a vehicle while intoxicated, the death of the policyholder as a result of the intent of the insured), the contract is terminated with the return of paid insurance premiums. All considered requirements and restrictions are aimed at ensuring financial stability operations for this type of insurance.

The insurance premium is set depending on the age of the policyholder, the insurance period and the insured amount. The latter is determined by agreement of the parties. During the validity of the contract, the policyholder has the right to change the sum insured, terminate it early and subsequently renew it, subject to a number of conditions. An insured event is the presence of two conditions: firstly, the insured survives until the end of the insurance period and, secondly, enters into a registered marriage or reaches the age of 21-25 years, depending on which event (marriage or age 21-25 years) will come sooner. During the period from the end of the contract until marriage or reaching the age of 21-25 years, for the insured amount specified in insurance policy, Insurance Company accrues investment income, and therefore the insured will receive an increased sum insured after a maximum of 7 years. If the insured died after the end of the insurance period without receiving the insurance amount due to him, it is paid to the beneficiary with the income accrued on the day of death. In the event of the death of a child during the period of validity of the contract, the insurance amount is not paid, but only a refund of the paid contributions is made.

There are types of marriage insurance that combine the risks of insurance for survival and against accidents and illnesses. In particular, the insurance conditions may provide for insurance payments in the event of injury, accidental acute poisoning, and the child’s illness with certain diseases.

The amount of such payments depends on the degree of health loss of the insured. The insured is given the right to set higher insurance amounts for these risks (usually 2-3 times) than for life insurance, which allows for a significant increase financial assistance victims with a slight increase in the insurance premium.

By children's insurance The same persons as for marriage insurance can act as policyholders and insured persons. However, since under this type the insurance company is obligated to pay the sum insured only if the entire due insurance premium is paid (in wedding insurance, the contract continues to be valid after the death of the policyholder and without paying premiums), then there are no requirements for the age and health of the policyholders. The premiums that the policyholder is required to pay during the entire insurance period (a one-time payment in advance for the entire period is also possible) depend on the age of the child, the amount of the insured amount and the insurance period. The policyholder is given the right to choose the method of payment of premiums (by bank transfer or in cash), change the amount of the insured amount, and terminate the contract early. In the latter case, the policyholder, subject to a number of conditions, is paid the redemption amount. If the redemption amount has not been paid and the insurance period has not expired, then the policyholder has the opportunity to renew the contract subject to a lump sum payment of the overdue and current premiums.

In the event of the death of the policyholder, any of the child's other relatives can assume his responsibilities. Moreover, if the person who has assumed the responsibilities of the policyholder terminates the contract ahead of schedule, then the redemption amount is paid to him based on only those contributions paid by this person under this contract. In this case, almost all premiums paid by the deceased policyholder are returned to the insured. When none of the relatives takes on the responsibility to pay the premiums, the insurance contract is terminated with the return to the child (by crediting the deposit) of the previously paid premiums.

Insured events for this type of insurance are the survival of the insured until the end of the insurance period, the death of a child during the validity of the contract, as well as injury, poisoning and certain types of diseases. In the event of death, there are a number of exceptions when no insurance payment is made.

IN mixed life insurance one contract combines life insurance and term insurance in case of death. Sometimes this also includes events inherent in insurance against accidents and illnesses. A characteristic feature of mixed insurance is that insurance coverage is necessarily paid under each contract: either in connection with the death of the insured during the insurance period, or upon his survival to the end of the period stipulated by the contract.

Payment is made upon the death of the insured person from any cause, with some exceptions. The death of the insured as a result of alcohol, drug or toxic intoxication, suicide (if by that time the insurance contract has been in force for less than two years), or intentional actions of the insured or beneficiary is not recognized as an insured event. The amount of insurance payment can be differentiated depending on the causes of death of the insured: in case of a road accident - 300% of the insured amount, as a result of an accident - 200%, in other circumstances - 100% of the insured amount. Insured events may also include permanent (less often temporary) loss of general ability to work, but only as a result of an accident. In case of complete loss of ability to work, the entire insured amount is paid, in case of partial loss of ability to work, a part of the insured amount corresponding to the percentage of loss of ability to work is paid. In cases where the loss of ability to work is significant, benefits may be provided in the form of partial or complete exemption from further contributions under the insurance contract.

Usually, upon the death of the insured, the insurance amount is paid in a lump sum immediately after the fact is established insured event. But other payment options are also possible. For example, the provision of insurance coverage to the beneficiary may be postponed until the expiration of the insurance period, with the termination of payment of due contributions. It is also possible to pay only 50% of the insured amount after the death of the insured, and the remaining part - after the end of the insurance contract. Another insurance option may be that from the date of death of the insured until the expiration of the insurance period, the beneficiary is paid annually a set percentage of the insured amount (this payment procedure is of particular interest to policyholders who have dependent children and other persons).

Conditions family life insurance provide insurance protection under one agreement for all family members (spouses, children, parents). A person concluding a family insurance contract can choose which family members to insure and which cases will be covered by the insurer's obligations. For the specified person, insured events may include his survival to the end of the insurance period, death from any cause, injuries received as a result of an accident, for other family members - the listed events, except survival. For example, a wife can insure herself against all risks, her husband - against death and accidents, children - against accidents, parents - against death. The amount of premiums under the contract depends on the age of the insured and their number, as well as the selected risks.

New on foreign market is insurance against serious illnesses. According to this type of payment, payment is made in the event survival of the insured until the end of the insurance period, his death, as well as in the event of his diagnosis certain serious illness (cancer, heart attack) myocardium, etc.). The conditions necessarily provide waiting period - diagnosis illness in the first three months after the conclusion of the contract does not give the insured person has the right to receive insurance benefits. Possible two options for determining the amount of the insured amount. In the first in the event of the occurrence of one of the insured diseases by the amount of the insurance payment made, the insurance amount is reduced the amount that will be paid if the insured survives to expiration of the insurance period or in the event of his death. At the second option, payment upon diagnosis of the disease does not affect on the amount of the insured amount for other obligations of the insurer. Please note that payment is made in advance the amount chosen by the policyholder. Its value is not determined cost medical expenses for the treatment of established illness resulting from disability or income of the insured.

Rent Insurance

A characteristic feature of annuity insurance is the implementation of insurance payments in a fixed amount with the frequency specified in the insurance contract. Depending on the established procedure for paying contributions and the agreed payment conditions, there are various options annuities:

* immediate rent- annuity, the payment of which begins immediately after payment (at one time or in installments) of the entire amount of insurance premiums;

* deferred annuity- An annuity whose payment is deferred until a specified future date. The time period between the end of payment of contributions (in a lump sum or in installments) and the start date of annuity payment is called the waiting period. In the event of the death of the insured during this period, the insurer usually returns the premiums paid (with or without interest accrued on them, depending on the terms of the insurance);

* life annuity- An annuity paid from a specified date for the remainder of the insured's life;

* temporary rent- An annuity payable from a fixed date for a period, stipulated by the contract insurance;

* annuity prenumerando(“forward”) - annuity paid at the beginning of each period established for the next payment of insurance coverage;

* annuity postnumerando(“back”) - annuity paid at the end of each period established for the next payment of insurance coverage;

* constant rent- rent, the payment of which is made in a constant amount;

* variable rent- rent, the value of which changes over time.

In practice, increasing rent is widely used, which makes it possible to neutralize negative consequences inflation.

Insurers offer a large number of types of pension insurance. Let's consider the simplest of them - insurance additional pension. The insured event here is the survival of the insured person to the established retirement age. Therefore, regular payments under the insurance contract are made, as a rule, in addition to the assigned state old-age pension. The insurance pension is paid to the insured for life after reaching retirement age and subject to payment of all contributions due under the insurance contract.

Insurers can be individuals and legal entities. In the latter case, the enterprise pays partially or fully insurance premiums for its employees, which allows not only to maintain the existing standard of living of retired persons, but also helps to resolve social, personnel and other issues of the employer’s activities. The amount of the additional pension and the frequency of its payment are specified in the insurance contract. During its validity period, the policyholder has the right to change previously established parameters. The insurance period is determined as the difference between the established retirement age (in Russia, as a rule, 60 years for men and 55 years for women) and the age of the insured on the date of registration of the contract. The amount of insurance premiums is set depending on the gender of the insured, the period of insurance and the amount of the selected pension. The most common is to pay contributions monthly.

Upon expiration of the insurance period (i.e. reaching the age of 60 or 55), the insured has the right to receive the first pension, and upon surviving until the next established dates for its payment - the second and subsequent pensions without any restrictions as long as they are alive recipient. However, the terms of insurance, as a rule, establish a guaranteed period of pension payment, which can be 5-10 years. If, after the right to receive the first pension arises, the insured person dies before receiving it, then the beneficiary is paid the remaining amount of pensions for the guaranteed period. In the event of the death of an insured who has received one or more pensions, the difference between the amount of pensions for the guaranteed period and the amount paid to the insured is payable. Upon the death of the insured after payment of a pension amount equal to the amount of pensions for the guaranteed period, the beneficiary does not have the right to receive a pension. However, the death of the insured may occur before his right to receive his first pension arises. Typically, in this case, the paid premiums are returned to the policyholder (heirs of the policyholder).

An important condition for the type of insurance under consideration is the ability of the policyholder to terminate the contract before the expiration of the insurance period and receive the redemption amount when he needs the money. However, insurers have a negative attitude towards early termination of contracts, as this violates the stability of their insurance portfolio. Therefore, insurance companies introduce various restrictions that prevent policyholders from terminating the contract, and sanctions against such policyholders. The latter may also be subject to sanctions by the state. The fact is that, subject to the established conditions, funds allocated for pension insurance are not subject to taxes in many countries. If the contract is terminated early, the policyholder may lose tax benefits, since they are provided precisely for the purpose of organizing additional support when employees reach retirement age.

Just as in some previously discussed types of insurance, one contract can combine additional pension insurance and other types of risks, such as accident and illness insurance, and death insurance. In the latter case, after the death of the insured, the beneficiary specified in the contract will receive insurance coverage in the amount provided for by the terms of insurance. But this option is more expensive for the policyholder and is used mainly by the insured who are the breadwinners of the family.

The combined type also includes such type of annuity insurance as life insurance with the condition of payment of insurance annuity. Here, the following events are recognized as insured events: 1) survival of the insured to the deadlines established by the insurance contract for the payment of insurance annuity; 2) survival of the insured until the established expiration date of the insurance contract; 3) death of the insured during the period of validity of the contract from any cause, except for generally accepted exceptions (intention, intoxication, suicide, etc.). The policyholder has the right to choose the frequency of insurance annuity payments: once a year or every six months, quarterly, monthly.

The insurance amount is established separately for the events “death of the insured” and “survival of the insured”. In the latter case, the sum insured is annual rent cost, those. the amount of single annuity payments made during one insurance year. The policyholder, in agreement with the insurer, has the right to increase or decrease the amount of the insured amount during the validity of the insurance contract. However, in the latter case there is one caveat. After the start of payment of annuity to the insured, the amount of the insured amount cannot be reduced without his consent. Moreover, if the insured amount decreases, the insurer is obliged to pay the insured the redemption amount.

The insurance contract is concluded for a period of at least three years. During its validity period there are:

* insurance premium payment period - the period established for the insured to fulfill his obligations to pay the insurance premium in full;

* waiting period - the period between the end of payment of the insurance premium and the date of occurrence of the first insured event “survival of the insured”. This period is established by agreement of the parties, usually lasting at least one year;

* period of payment of insurance annuity - the period from the date of occurrence of the first insured event “survival of the insured” until the date of expiration of the insurance contract. The beginning of this period cannot be set earlier than the end of the insurance premium payment period.

The annuity is paid to the insured in the prescribed amount at the end of the period established for its payment (post-numerando annuity) - at the end of the month, quarter, half-year, year. The date of the last single annuity payment is the date of expiration of the insurance contract.

Life insurance is a type of personal insurance in which the insured amount is paid if the insured survives to a certain age. This type of insurance is tempting; for example, if you reach retirement, you have received insurance and have something to celebrate. Survival insurance is positively different from other types of insurance, in which insurance can only be obtained after such negative events as a fracture, an accident, disaster etc. One could even say that this legal way make money from an insurance company. Why is life insurance for survival so undeveloped in Russia?

Let's compare life insurance for survival and bank deposit

We will compare life insurance "Life Line" from the insurance company OJSC "VSK" and Bank deposit“Replenishable deposit of Sberbank of Russia” from Sberbank of Russia. Why were “Life Line” and “Replenishable deposit of Sberbank of Russia” chosen? Firstly, VSK and Sberbank of Russia are serious organizations that will definitely exist “tomorrow”; secondly, their offers are the most interesting, and they are also easy to find.

To simplify the calculations, let’s take the example given on the VSK website: “A 32-year-old woman decided to save money for 10 years. At the same time, wanting to free her relatives from financial problems in the event of her death, she insured her life for survival with the return of contributions in the event of death. The annual fee was $1000. If you survive until the end of the contract, VSK Insurance House will pay the insured amount, which, with a yield of 8%, will reach $13,331.06. If death occurs during the term of the agreement, VSK will immediately return all paid contributions to the beneficiary.” We will make similar contributions to the deposit in Sberbank for the first five years interest rate will be 3% per annum, and then 3.35% per annum; all interest received will also be placed on deposit. In 10 years, Sberbank will pay $11,995.

conclusions

Life insurance for survival is more profitable if only the insured person survives until the end of the contract, since otherwise the insurance company returns only the premiums paid, it sounds gloomy, which is probably why survival insurance is not popular in Russia, or maybe we are simply not ready to think about so far into the future.

In my opinion, a bank deposit is the golden mean between reliability and profitability, since loss of interest can occur only in one year, for example, if we get tired of saving and decide to go to Turkey for a couple of months. In addition, all citizens’ deposits are insured by the state, and if the bank ceases to exist, the money can be returned, which cannot be said about the insurance company.

This type of contractual relationship is regulated primarily by Russian legislation. There is a law “On the organization of insurance business,” which was adopted on November 27, 1992, as well as several other government acts.

According to legal regulations, the insurance company is obliged to pay the appropriate amount to the people indicated in the document if a person dies which is listed inagreemente. Thus, a relative often leaves for his family financial support if an accident happens to him.

The legislation makes it possible to terminate the contract with the insurance company at any time if there is a need or desire for this.

Features of life insurance

Life insurance in case of death is a type of contract in which the client makes a cash contribution to the company fixed time, and the company undertakes to pay the amount if an insured event occurs. Money is paid to a specific person or several persons. In the contract they are called the beneficiary.

But before an insurance company enters into an agreement with a client, its employees will study the policyholder’s situation in detail. This is necessary to identify and assess the risks of death during the term of the agreement.

To conclude a contract, the client must undergo a detailed medical examination, with the help of which it will become known about chronic and acute diseases or their absence. This condition is mandatory. It was created in order to check whether the client is a terminally ill person.

Based on the survey results, bonus payments are determined.

By the way, a person may have one or more insurance policies in one or different companies.

The most important thing is to make timely payments under the concluded agreement.

Types of life insurance

IN modern insurance There are three main types of such insurance:

Term insurance. Also called - life insurance. Insurance payments are carried out when the customer reaches a specified age. If the client dies before the specified age, the company does not pay compensation or pays a small part of the amount paid. Term insurance is better suited for saving money for retirement. By the way, some insurance companies allow you to extend the validity of contractual terms.
Lifetime insurance. The contract is concluded for an indefinite period - until the death of the customer. Contributions can be made for a lifetime or only for a certain period. All this describes the terms of the contract. It is worth paying attention - if contributions are for life, compensation is much higher. This type of insurance is especially popular abroad. In this case, two options for the death of the customer are considered:

After loss of legal capacity: the person must be no more than 60 years old and no less than 16.
After an unsuccessful operation: the customer must be no more than 75 years old and no less than 16.

Endowment insurance. Combines both types of insurance. The event that occurs earlier is considered insured. Often, in the event of the death of the customer, the amount is higher. This type of insurance is the most common in Russia.

The following types of life insurance are also distinguished by mass:

individual - the life of one specific person is insured;
collective - the whole team is insured when workers are exposed to serious danger at work.

In addition, life insurance can be:

voluntary - by at will client;
mandatory - military personnel and civil servants are subject to such insurance - money is allocated for this from the state budget. All passengers of trains, cruise ships and airplanes are also required to be insured - the cost of insurance is already included in the ticket. Also, in some cases, a person is required to insure his life - for example, if he takes out a mortgage.

Insurance participants

Life insurance involves contact of several objects:

The policyholder is an adult individual in a capable state.
An insurer is a company or entity, which provides this insurance service.
The insured person is an adult individual who will be no more than 70 years old at the end of the contract.
Beneficiary - one or more persons chosen by the insurer with the consent of the insured person to receive monetary compensation. During the validity of the contract, the customer can change the beneficiary.

There are three groups of objects for concluding a contract:

The customer insures his life - he is both the policyholder and the insured at the same time.
The customer insures another person, for example a parent or child. In this case, the customer will be the policyholder, and the parent or child will be the insured.
Coinsurance. It is not uncommon for a wife and husband to enter into an agreement with a company. Payments are received by one of the spouses when the other dies.

Agreement conditions

The most important condition for payment of compensation is the occurrence of an insured event, in other words, the death of the insured. The contract is concluded for no less than one year and no more than 20 years.

In this case, the insured death is considered to be the one specified in the terms of the contract. There is a list of situations that do not belong to the insured event:

suicide - this is clearly stated in any type of contract;
cosmetic procedures and surgeries;
violation of the treatment regimen prescribed by the doctor;
additional risk to life that a person consciously takes - for example, extreme sports.

Attention - the amount of compensation after the occurrence of an insured event is indicated by the client.

Cost of insurance

The price for life insurance in case of death depends primarily on the type of contract

age, which is denoted by the variable x and is calculated in years;
number of people (L) who survive to a specified age x.

However, there are several other factors that influence how much the service costs:

gender of the customer - men usually get a higher price;
age - the older the person, the higher the insurance premiums;
the customer’s lifestyle, bad habits;
risk group - the amount is calculated based on the person’s place of life and work: the more risky the conditions, the higher the cash rate;
human health indicators - identified after a medical examination;
duration of insurance - lifelong and term insurance implies a reduction in the amount of premiums if the contract term is long;
special conditions in the contract - the amount of contributions is affected by the desired sum insured, as well as additional programs provided by the insurance company;
insurance company reserves;
demographic statistics for the country;
insurance history of the customer.

Video: life insurance calculation

Rules for obtaining life insurance

When drawing up a contract, you must adhere to the conditions that may subsequently affect the receipt insurance compensation. It is necessary to indicate:

place, date, time of execution of the agreement, its participants and validity period;
reliable and detailed information about a person whose life is being insured;
possible insured events;
a specific amount of compensation in the event of a person's death.

If any facts are missing or misrepresented, the contract may be invalidated, and the person who was supposed to receive monetary compensation will receive nothing.

Documents for life insurance and compensation

The list of documents that you need to take to draw up the contract is as follows:

passport;
application on insurance company letterhead;
conclusion of medical workers on the applicant’s health condition.

Also, the client at the insurance company will be given a questionnaire to fill out, with the help of which specialists will be able to assess insurance risks.

The list of documents that the beneficiary needs is prescribed in the legislation:

a statement indicating personal data and information about the concluded contract;
original insurance contract;
a photocopy of the death certificate of the person who was insured;
medical descriptions that explain the cause of death;
documents on ownership of inheritance;
beneficiary's passport.

Banks for life insurance

According to statistics, there are more than 70 insurance companies operating in Russia that can provide life insurance services in case of death. Every time the service becomes more and more popular.

the savings agreement is concluded for a minimum of 5 years, maximum - up to 50 years;
age limit - 18-50 years;
the ability to enter into various types of life insurance;
accumulative life insurance service for children for long periods - 10-20 years;
the insurance program operates around the clock throughout the globe;
the client chooses the frequency insurance premium- monthly, quarterly or annually.

So, let's look at the most popular banks for life insurance:

Bank's name	Insurance conditions	Peculiarities
Renaissance insurance	- the contract is concluded for a period of 5 to 10 years; -there is no minimum and maximum standard for contributions; -possibility of paying compensation up to 100,000 rubles.	Possibility of high-speed life insurance for one year using the prompt payment system
Alpha Insurance-life	-minimum cash contribution carried out for 189 days or one year; -the deposit amount depends on the region of residence - for Moscow it is 50,000 rubles/year, for other settlements - 30,000 rubles/year.	Deposits are accepted in foreign currency- 2000 euros or 2000 dollars
Russian Standard Insurance	-regular type of insurance: premium 3,000 rubles, payments upon the occurrence of an insured event - 300,000 rubles; -elite type of insurance: contribution of 10,000 rubles, the terms of the contract take into account additional risks from road accidents	Possibility of insuring children - on insurance deposits from 1000 to 5000 rub. Moreover, the amount of monetary compensation is hundreds of times higher than the contributions.
Rosgosstrakh Life	— contract term for 5-10 years; — contributions - 5000-8000 rubles. - payments exceed contributions by 10-30%	Possibility of endowment insurance for children and families
Sberbank Insurance	— tariff interest on efficiency reaches from 2% to 150% - contributions from 1000 rubles.	The bank is focused on corporate and collective insurance

So, you can insure life in almost all large banks Russia. However, before concluding a contract, you need to weigh all the advantages and nuances of this type of insurance. Most often, it justifies its costs, but there is still a certain risk - if the contract expires and the insured event does not occur, all investments will be in vain. It is also worth carefully studying the terms and conditions of the insurance company before concluding a contract and providing reliable information about the person who will be insured.