Do you want to take out life insurance and don’t know where to start? This way! Access and see how to choose life insurance without error.
You decided to prepare for the future but don’t know how to choose the best life insurance… What now? This “tricky situation” is very common, after all, when you’re not in the field, it’s hard to understand insurance.
There are many complicated terms and seemingly endless bureaucracies that make the selection process difficult. That’s why Hero is here, to simplify and expand the ways to take care of you and your business.
To help you, I’ve prepared 7 tips for choosing the ideal life insurance without fear of making mistakes. By following this step-by-step guide, you will see how easy it is to choose the protection that makes the most sense for you and to take care of your family. Let’s go!
Check options with additional benefits
Have you discovered the best insurance options for you, but are still in doubt? Then it’s time to look at the additional benefits each one can offer.There are several insurance options that offer other facilities and services either at the same price or to add to your plan. This way, you can often personalize your insurance with other add-ons that make sense to you.For example, Hero’s life insurance with income protection includes funeral assistance in all plans. But we have personalized options with more benefits that you can contract if you want. These are facilities like:
- Telemedicine;
- Psychological support;
- Nutritional support.
Did you like the tips? Then, take the opportunity to learn about Hero’s income protection with life insurance! It could be the right choice for you!
Understand the terms used in this field
To choose the best life insurance, you first need to understand what the options are talking about, right? After all, do you know what a policy is? Who are the beneficiaries? What is the insurance deductible?All of this is essential to know when comparing your options to find the one that best suits you. Here are the main terms in the world of insurance that you need to understand before you start looking for yours:
- Policy: The insurance contract, the document that describes all the conditions of your protection.
- Beneficiary: The person who will receive the compensation in case of the insured’s death. It can be more than one person.
- Waiting period: The period between taking out the insurance and being allowed to use the service. During this period, the insurer does not have to pay compensation if something happens.
- Coverage: What risks are protected by the insurance.
- Stipulant: A facilitating company that represents the insured before the insurer to simplify the insurance contract, like Hero.
- Deductible: The amount paid by the insured to cover part of the costs of incidents to receive compensation.
- Compensation: The amount paid by the insurer in cases of claims.
- Premium: The amount the insured pays to the insurer every month for the risk they assumed.
- Claim: A harmful incident covered by the policy and insurance coverage. It is what causes disability or death of the insured.
Got it clearer now? Now you can start looking for your insurance. Let’s move on to the next tip.
Understand the type of insurance you’re looking for
There are different types of insurance available on the market. Life insurance is one of them, but it can come with other models. So you need to be clear about what you want as protection to start looking.For example, if you only need insurance that guarantees financial stability for your family after your death, traditional life insurance works. But did you know there are life insurance options with income protection that guarantees this stability while you’re still alive?Here at Company Hero, this is already a reality. Our income protection includes life insurance and funeral assistance. This way, your income is protected if you are away from work due to illness or accidents.
Analyze the options of insurers
Another aspect that makes a big difference when choosing the best life insurance for you is the insurer.After all, it is the insurer that will guarantee the protection of your investment and take the risk for your life. If you don’t choose well, you risk paying for insurance for a long time and not ensuring the financial security you desire.Therefore, it is recommended to look for well-known insurers, those that have been in the market for many years. These companies already understand everything about this niche and have numerous success stories in customer service. They have experience and are generally recognized for their reliability. It’s no wonder they’ve been around for so long and continue to be very strong and growing.This is one of the criteria that Hero used when choosing the partner insurer for our Income Protection. This way, we can guarantee that, in addition to a simplified contract for a special plan, our customers are sure they are getting a reliable product that really works.Another step you can take is to research reviews from those who have already used the services of the insurers. ReclameAqui is one of the reference sites for this, but you can access the brands’ own websites. If in doubt, just type “Is the insurer good” on Google and look for the results.Getting a real perspective from those who have already used the services is the most realistic way to understand the strengths and weaknesses of a company. After all, no institution is free from errors, but it’s up to you to evaluate how each one acts to deal with customers’ problems.
Determine your investment capability
After mapping out the type of insurance and the best insurers, it’s time to look at your wallet. Taking out life insurance is an investment and this requires planning and financial control on your part.So, have a clear idea of your limit for investing and filter the options accordingly. A positive point is that, nowadays, there are several cheap life insurance options with very affordable prices for you to start protecting yourself.Look at Hero’s Income Protection with life insurance, our plans start at R$80 per month – it’s less than R$3 per day and you have different types of protection.So, analyze the available plans from the insurers you mapped out and see which ones fit your budget, after all, this will become a type of fixed expense for you.
Rely on a broker or a stipulant
An insurance broker or agent specializes in this type of service. They already know the main companies in the market, the strengths of each one, and can clarify all your doubts, helping you find the best insurance for you.Additionally, these specialists help you in the research process among the options, making quotes within your budget. This is excellent help when choosing your insurance, but remember that it is a separate service, okay?!The stipulant acts differently but also facilitates the contracting process. It is a company that intermediates between a group of insured and the insurer.It simplifies the process by negotiating the protections of the insurance for this group. It intermediates the administrative part and the service contract, but it does not offer it.An example is us, Company Hero. We act as stipulants because we negotiate special conditions with our partner insurer to offer the best Income Protection for our customers, especially for those who work on their own.You contract with us, we explain the details of the policy, such as coverage, deadlines, deductible, etc., you close with us and the insurer protects you. Thus, you get a quality solution simply and at an affordable price.