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What are the benefits of owning multiple life insurance policies?
In case the insured person is covered by multiple life insurance contracts, in the event of a risk that falls within the scope of the above policies, he or she has the right to claim the insurance benefits from all of the policies (if there are no limitations on the amount of insurance coverage specified in any of the insurance contracts).
When is the premium payment term and how long does the protection period last?
Depending on the product you join, the premium payment term can be 5, 10 or 20 years. The length of protection period depends on the product you participate in, there are some products that only provide protection for the time you pay the premium, there are also life insurance products that protect you until you are 99 years old even if you pay only for 10 years or 15 years.
For whom is the life insurance most suitable?
The length of protection depends on the product you participate in. The premium payment period can be 5, 10 or 20 years. The protection period also depends on the product you choose. Some products only provide protection while you are paying premiums, while others offer lifetime protection even if you only pay premiums for 10 or 15 years until you reach 99 years old.