Accumulative life insurance
19 February 2008Analytics mark, accumulative life insurance becomes more and more popular. Its advantages have been estimated by those, who try not only to secure relatives and be secured from force majeure, but also to increase the invested resources.
Plus of the system - in its long term, as money is saved, and after expiry of the policy’s term, insured person gets a nice profit. The same is minus: instability of financial system can’t guarantee existence of the insurance company in 10-20 years. But, taking into account the world experience of insurance in this area, such insurance is not only the guarantee of own well-being, but also some kind of investment in the future.
“Accumulative life insurance is rather popular investment product in the West. For example, today it accounts for about 70 % of life insurance market in Czechia and about 80 % in Hungary. A primary factor of its popularity is, certainly, economic stability of the European countries, and also income level of the population, allowing to save money. The important factor is also the high level of financial literacy of the European population. Europeans know investment, bank and insurance products, understand their advantages and lacks.
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