Types of accumulative life insurance

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It is difficult to talk about the types of life insurance, since there is no classification as such. The programs and conditions for them vary depending on the chosen insurance company. Therefore, you should not rush to buy a policy, but first compare the options. Keep in mind that after concluding chinese overseas europe data the contract, it will not be easy to terminate the relationship with the insurer. Of course, no one will keep you by force. But there is a pitfall in early termination.

As a rule, it is not profitable to terminate the contract in the first years. There are detailed conditions on this matter. And it usually turns out that in case of early termination, the person will not receive any interest. Moreover, he may not even get back all the funds contributed. The insurance company will retain part of it in its favor, since it suffers economic losses due to such a client.


This makes the purchase of the policy initially meaningless. After all, the citizen could have taken out regular life insurance. Perhaps, it would have been even cheaper. And put the remaining funds in a bank deposit. The interest would have been higher. Of course, life insurance has advantages over the same deposit. We will talk about this below.