Term LifeProvides financial protection to the insured’s family or any chosen person in case of the insured’s death during the defined period of coverage. The insured person chooses the sum insured based on the lifestyle of the surviving dependants.
Whole LifeUnder any circumstances, the sum insured is due on death of the insured person and provides protection to the dependants in any period of life.
EndowmentThe sum insured is due either upon death of the insured person before the policy’s end date or in case of remaining alive at the policy’s end date. Therefore, this is an insurance instrument that provides family protection in case of death of the insured, as well as guaranteed savings in case of survival.
Annuity / PensionIt guarantees the insured person a lifelong pension, supplementary to governmental and/or employer pensions. It can be financed by annual premiums (deferred annuity) or single premium (deferred or immediate annuity). In case of death, the premiums paid less the annuities received are refundable to the beneficiary.
Key Man InsuranceThis is a common and important insurance instrument for a company’s protection in case of a business owner’s or top executive’s death. The lump sum is needed for the company to survive until a replacement person is found. This insurance gives the company some options, instead of the threat of bankruptcy.
Business Protection (co-owners)The solution is essential for all businesses with co-ownership. In case of death of one of the business partners, the fixed sum is paid to the surviving party in order to pay out the inheritors if, for example, a buy-sell agreement is in place.