Prepare for any scenario – that is our commitment to our loved ones

At El-Ad we prefer to call insurance in the event of death “family liability insurance”. This is insurance whose purpose is to provide the family members with financial security, in the event of the death of the insured party. Eternal life has not been promised to us yet, but we can certainly achieve a good life for us and our family if we take care of the well-being of our loved ones and their safety from today. Important, right? Therefore, it is our duty to prepare in advance and arrange a solution that will provide them with the required alternative income.

What do we do? First, we must define:

When purchasing insurance in case of death, we must define what the insurance amount is, what the insurance period is, what the purpose of the insurance is, and what will be the method of payment to the beneficiaries in the event of the insured party’s death.

In the next step you choose:

There are several parameters for which the insured party needs to reach a decision when choosing insurance in case of death – what is the type of policy, what is the amount of insurance and what is the method of payment. These will be determined in accordance with the family’s goals and future needs:

• A policy that has a savings component + insurance in case of death and includes different options for choosing investment tracks.
• A one-time payment of the insurance amount – receiving a one-time payment after the death of the insured party, with the rate changing every year. This amount is intended to serve the beneficiaries of the insured party as a replacement for their income. This type of coverage will be provided as part of accidental death insurance or insurance in case of death (risk).
• Fixed monthly annuity – monthly income that the family members of the insured party receive regularly after their death. The payments will be given for a certain period, which will be defined by the insured party in advance.

What parameters will affect the amount of the premium? The insured party’s age, gender, profession/occupation, health status at the time of purchasing the insurance, whether they are a smoker or non-smoker.

Insurance in case of death can add health and extend life – from the very knowledge that your family members will experience financial well-being in any situation.