A life insurance pays a contractually agreed sum to the beneficiaries in the event of the insured person’s death. There are two types of whole life insurance: whole life insurance with a constant sum insured and with a decreasing sum insured.
Constant sum insured:
- Advantage: premium remains the same throughout the duration of the contract
- Disadvantage: no savings due to reduced premiums towards the end of the contract period
Decreasing sum insured:
- Advantage: premium reflects the risk covered
- Disadvantage: high premiums/costs at the beginning of the insurance period
- Residential property: If the family owns a house, there could be financial problems when the main earner passes away.
- Protecting the family: In the event of death, the family receives the agreed sum insured.
- Protecting the cohabiting partner: Social security benefits are generally only paid out to married couples.
- Self-employed individuals: life insurance makes sure that the business is safe and can be continued if one of the proprietors passes away.
OUR TEAM IS AT YOUR DISPOSAL
ABC Translation helps you settle down in Switzerland, we guarantee fast and high quality services. The insurance brokers of our team, based across Switzerland, are available to answer all your questions. We advise and find the best insurance cover for you and your family.
In terms of insurance, each contract must be tailor-made. Thanks to a precise, efficient and punctual work, we collaborate daily with clients from the French-speaking part of Switzerland but also from the German and the Italian speaking parts of Switzerland (see references). We remain at your disposal should you require any further information.
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