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Mona Cayard Life Insurance : Questions to ask before signing

Life Insurance : Questions to ask before signing

Mona Cayard The novelty is not a guarantee in life insurance. Often, schools continue to expand their range of products every year. Their purpose? Flirt new customers with attractive rates on the last -born of contracts gondola ... at the expense of older life insurance whose rates are sacrificed. For example, some banks remunerate some of their old contracts at rates of around 2.50% only. Is less than the current A ( 2.25% net since 01/08/11 ) once payroll taxes deducted 15.50 % ... Our tip: a quick glance over the commercial policy allows assess how you are treated. Good to know, mutual rely only on two or three life insurance contracts only. Some times showing over thirty years of existence! Reassuring.



What fees will be taken from my savings?

A priori trivial, this issue should not however be ignored ! Mona Cayard According to life insurance contracts, the fee schedule can vary from simple to double. Fees on payments, also called input costs, and vary from 0 to 5% lower bound logically invested capital. Do not hesitate to negotiate with your adviser. However, consider that above 3 %, they are off the market ! Another point : the management fee. The rates on the market are averaging 0.60% on euro fund and 0.85 % on the supports at risk. Again, the figures should be put on the table. Ditto for the arbitration costs. Life insurance contracts distributed on the web can be interesting as entrance fees are usually free. G


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On April 06 2014 at United States 126 Views




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Life Insurance : Questions to ask before signing

Mona Cayard The novelty is not a guarantee in life insurance. Often, schools continue to expand their range of products every year. Their purpose? Flirt new customers with attractive rates on the last -born of contracts gondola ... at the expense of older life insurance whose rates are sacrificed. For example, some banks remunerate some of their old contracts at rates of around 2.50% only. Is less than the current A ( 2.25% net since 01/08/11 ) once payroll taxes deducted 15.50 % ... Our tip: a quick glance over the commercial policy allows assess how you are treated. Good to know, mutual rely only on two or three life insurance contracts only. Some times showing over thirty years of existence! Reassuring.



What fees will be taken from my savings?

A priori trivial, this issue should not however be ignored ! Mona Cayard According to life insurance contracts, the fee schedule can vary from simple to double. Fees on payments, also called input costs, and vary from 0 to 5% lower bound logically invested capital. Do not hesitate to negotiate with your adviser. However, consider that above 3 %, they are off the market ! Another point : the management fee. The rates on the market are averaging 0.60% on euro fund and 0.85 % on the supports at risk. Again, the figures should be put on the table. Ditto for the arbitration costs. Life insurance contracts distributed on the web can be interesting as entrance fees are usually free. Good to know then!



The capital is guaranteed?

Life insurance is an investment in both sides. Often, the contracts contain a euro fund. The amount - net of management fees - is guaranteed at any time by the insurer. Mona Cayard In addition, the interest earned each year on such funds are definitively acquired, in addition to the initial capital. Meanwhile, life insurance contracts also consist of financial support, said units of account. If you want to put a portion of your savings on this type of funding, be aware that the capital guarantee does not apply, since the value in euros of support varies according to the financial markets. In other words, if the markets go down, there is a good chance that your capital is reduced. And vice versa. See for yourself !



Reported how the euro fund my contract?

The euro fund is the reference support in terms of safety ! 85% of payments are invested. But performance data shown is far from an equivalent institution to another ... Last year, the market average was around 3%. Also note that over the period 2008-2011, very good contracts reported 18.45% cumulative, average around 16.42% and 14.53% less bad. Indications which thus enable you to locate the life insurance policy you are interested in to the market. Similarly, yields also enjoy similar contracts offered by the institution, even if they are no longer marketed. Bad yields will quickly give the business trend practiced by your bank or insurer ... A wise .





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