The line of life insurance products is very wide today, it includes endowment, investment insurance, insurance for those traveling abroad, sport insurance, programs with and without a risk component, and programs with additional services (telemedicine, check-ups). The most popular types of personal insurance are credit and investment insurance.
The issue of capital maintenance in the interests of future generations is acute among wealthy families worldwide.
There are situations when it is better to legally protect the part of the capital assigned to the heirs in advance, for example, in case of debts of its owner (in case of personal bankruptcy, bringing to subsidiary responsibility for business debts), divorce settlements, unfriendly acts of partners and trustees, inheritance disputes and unwanted heirs, as well as enforcement of rights of persons who are not heirs by law or will. People buy endowment or investment policies for that.
The clients of insurance companies can be owners of retirement plans or have mortgage life insurance.
Photos are from open sources.
