Who is an insurance agent and what does he do?

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NSL is issued in order to collect a sum while simultaneously providing insurance coverage. If an insured event does not occur by the end of the contract, the person receives the entire amount. It includes contributions and accrued interest. If an insured event occurs, such as an injury or illness, the insurance company pays compensation. The money will allow you to focus on treatment and recovery. Then it is easier not to worry about the onset of financial collapse due to temporary loss of ability to work. In a situation where an insured event ends in death, the beneficiaries receive payments. These are the persons specified in the contract. Close relatives of the insured - spouse or children. Here's how it works in practice. A father wants to save up for his son's education.


The boy is still in school. But the parent decided to act early. He car owner database calculated that he needed to save 10 million rubles in five years. Then the father signs a life insurance contract with the insurance company. All the terms and conditions are spelled out in detail. Including the amount that the insurer must pay at the end of the term. The yield is indicated - the interest that will be accrued. A payment schedule is drawn up for the man to follow. This is important because even one delay can lead to termination of the contract with the insurance company. Therefore, find out such details before signing the documents. Assess your strengths. When applying for an endowment policy, the payment amounts are usually from several tens to several hundred thousand rubles per month.


Do not expect that it will be enough to put one or two thousand rubles into the account once a month. Therefore, endowment life insurance is not suitable for people with minimal incomes. But let's return to our example. The father starts making regular payments according to the schedule given to him by the insurer. Let's assume that everything went according to the most favorable scenario: the insured event never occurred. In this situation, the policyholder will receive his 10 million rubles in five years - and the contract with the insurance company was concluded for exactly this period. That is, the initial goal will be achieved - the desired amount has been accumulated. Let's assume that the insurance company offered a fixed yield of 4% for the duration of the insurance.