Life insurance
The name says it all: life insurance is all about your life. There are many different types of life insurance. Read on for more information.
Risk insurance
Do you want to see at a glance what the most important features of this insurance are? View the insurance card below! On this you can easily see what is and what is not covered in the policy.
PLEASE NOTE: you cannot derive any rights from this general insurance card. Every insurance company uses its own insurance cards that can therefore differ! If you want to know exactly what you are insured for, you should read the policy conditions! |
What is term life insurance ? This insurance pays out an amount in the event of death. You choose who insures you. You can also opt for two insured parties, for example yourself and your partner. The insurers pay the amount to the policyholder, or to the next of kin that you have designated. Or it is used to pay off your mortgage. Is the insurance part of your mortgage? Then this is a pledged term life insurance policy. In the event of death, your mortgage lender will receive the amount directly. With that amount the mortgage is paid off (in whole or in part). |
Insured amount You choose the insured amount yourself. That is the amount that insurers pay out after death. You also choose whether the insured amount remains the same or decreases during the term. Insurers pay the amount in one go in the event of death. The amount that the next of kin will receive after death depends on the cover you choose (equal or decreasing). In the event of decreasing coverage, the time of death determines the amount of the benefit. |
When do insurers pay out Insurers pay out if the insured dies during the term of the insurance. Are there two insured persons? In that case, insurers will pay out the amount if one of the two insured persons dies. |
No premium in the event of incapacity for work You can often co-insure premium waiver in the event of disability with term life insurance policies. With this extra cover you no longer have to pay a premium for the insurance if you become incapacitated for work. Further conditions apply. Please ask at our office. |
When do insurers pay less or not at all? Insurers do not pay out or pay less if it turns out that there is fraud in the application. Or if the insured withholds information about his or her health (for example, that he or she smokes). It is important that each insured completes the health declaration carefully. This prevents insurers from not paying out or paying less. |
Be Aware: Your surviving dependents may have to pay inheritance tax on the benefit. You can avoid this in some situations. We recommend that you discuss this with our office in advance. |
Extra: provisional coverage Insurers can provide provisional cover. Provisional cover means that you are already insured before the policy actually runs. This can be useful, for example, because your mortgage loan is about to start. Or if you switch to a new term life insurance policy and have already canceled the old one. Ask for the possibilities. |
Choice: variants Term life insurance has many variants:
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Health The insured must complete a health declaration with the application. Are there two insured persons? In that case, both insured parties must complete a health declaration. Is the insured amount higher than € 350,000? In that case, insurers request a medical examination. Depending on the answers in the health statement, insurers sometimes ask for additional medical information or a medical examination. |
Duration You decide when the insurance starts and ends. After the death of the insured person(s), the insurance ends (then the next of kin will receive an amount). Does none of the insured die before the end date? Then the insurance ends without payment. The term is a minimum of 5 years and a maximum of 40 years. The insured person must not be older than 75 years on the end date of the insurance. |
Exit, cancel or stop Is the insurance not part of a mortgage? Then you can change or stop the insurance. Is the insurance part of your mortgage? Then you need permission from your mortgage lender to change or stop the insurance. Will anything change in your situation? Then report this to Marfina Finance. Send an email to [bedrijfemail] or call 0629048239! |
When you die, you want to leave your next of kin well cared for. Right?
But... how high should the insured amount be? What about fiscally?
Funeral insurance
With a funeral insurance you can insure yourself for your funeral. A funeral quickly costs € 8,000 and is therefore very expensive. If you cannot or do not want to pay for this yourself, it may be wise to take out funeral insurance. This way you ensure that you do not leave your next of kin with high costs.
Appropriate insurance
Funerals are nowadays more and more personal. The costs for the last farewell therefore differ greatly. Whatever your wishes are, there is a suitable funeral insurance for everyone.
Don't leave your next of kin with unexpected costs
You probably don't think about it often. Still, it is good to start thinking about your funeral now. What wishes do you have? And can your next of kin pay for these wishes later? It is often good to take out funeral insurance, because there is not always enough money available to cover the unexpected costs of a funeral. Or maybe you already have funeral insurance, but you are insured for an amount that is too low.
By arranging financially for your funeral now, you can prevent that money is not available later. This gives peace of mind for you and your next of kin.
Would you like to see at a glance what the most important features of this insurance are? View the insurance card below! Here you can easily see what is and what is not covered on the policy.
PLEASE NOTE: you cannot derive any rights from this general insurance card. Every insurance company uses its own insurance cards that can therefore differ! If you want to know exactly what you are insured for, you should read the policy conditions! |
What is funeral insurance? In cash: This insurance pays out an amount in the event of your death. Your next of kin can use this money to pay for (part of) your funeral. In kind: This insurance does not pay out money, but arranges your funeral. Insurers pay the funeral to the funeral director, up to the amount you insure. In care: This insurance does not pay out money, but you choose a package of services. |
For whom You insure yourself and/or your partner's funeral. The insured may not be older than 75 years at the time of taking out. You can also insure someone other than your partner. Children up to the age of 18 and unborn children are often co-insured up to the highest insured cover of one of the parents. |
What is insured? In money: You insure a fixed amount in the event of death. When you take out the insurance, you agree on the amount. This amount can be increased by automatic increase. In kind: You choose an amount yourself. The premium depends on the insured amount, age and term. In care: You choose an amount yourself. The premium depends on the insured amount, age and term. |
No premium in the event of incapacity for work You can often co-insure premium waiver in the event of disability with term life insurance policies. With this extra cover you no longer have to pay a premium for the insurance if you become incapacitated for work. Further conditions apply. Please ask at our office. |
When do insurers pay less or not at all? In case of fraud. Or if you withhold information about your health. Does the insured person die within one year of the commencement date? Then it must also be proven that it was not a suicide. It is important that each insured completes the health declaration carefully. This prevents insurers from not paying out or paying less. |
Be Aware: Your wishes, your financial and personal situation may change after you have taken out the insurance. Check regularly whether your insurance still suits you. |
Premium You choose how long you pay the premium. The longer this period is, the lower the monthly premium will be. And vice versa: the shorter this period, the higher the monthly premium. You can often choose from: 20 or 30 years, until your 65th, 80th or 85th year of life. The premium depends on your age. A purchase price is also possible with this insurance. |
Indexing You can often opt for an automatic five-year increase of 25% of the insured amount up to a maximum of € 15,000.00. Your premium will then be adjusted to the new insured amount. |
Health The insured must complete a health declaration with the application. Depending on the answers in the health statement, insurers sometimes ask for additional medical information or a medical examination. |
Duration You are insured for the rest of your life. Even when you have finished paying the premium. |
Exit, cancel or stop You can cancel the insurance. The insurance then has a value. Insurers can deduct costs from this value. The amount remains until death or insurers pay it out to you. Costs will go down. Will anything change in your situation? Then report this to Marfina Finance. Send an email to info@marfina.nl or call 0629048239 ! |