Know the best life insurance in Mexico could save you time, effort, and money, especially if you are signing up for these services for the first time.
In fact, before making any disbursement it is essential that you familiarize yourself with the life policy concept and fully understand how it works.
That way you will be better informed and you will be able to make smarter decisions with your money; that is, those that bring you closer to your goals successfully (minimizing losses and errors).
Importance of taking out a life policy in Mexico
Since there are several life policy options in Mexico, it is necessary that you know what they are attached to and what their benefits are.
In theory, a life insurance It is equivalent to compensation.
In simple words, it is a kind of financial support for the insured’s family that is activated in the event of death, illness or disability.
Although not equal to emergency fundsomehow has something in common with this type of reservation: and that is that they offer you financial strength.
So they have become an essential contract, regardless of age or gender.
Before mentioning these life insurances in Mexico, it is important to clarify that you should get very good advice before making a decision, consult the alternatives and review how these insurances are adapted to your particular case.
Life insurance in Mexico that you should know
Next we will give you some alternativesegurlife insurance in Mexico, with their respective characteristics and benefits:
1. Atlas Insurance
According to the last evaluation carried out by the National Commission for the Protection and Defense of Users of Financial Services, Atlas Insurance currently leads the market.
Your basic life insurance includes a five-year comprehensive plan, which can also be renewed for life without problems.
The greatest coverage is anchored to causes of death. Although it also provides great support in case of suicide.
Currently, beneficiaries can choose between three insured amounts: more than $4,800, almost $7,000 and $14,600.
2.BBVA
Today this financial institution has very valuable and interesting life insurance options in Mexico.xiceither.
Its policies are characterized by offering a payment equivalent to the total sum insured, along with $1,400 dollars for funeral expenses.
Similarly, the insured is not exempt from receiving support in situations that require hospitalization services for more than 48 hours.
In addition, one of the greatest attractions of this type of life insurancegoing in Mexico is that they can be automatically renewed up to 99 years of age.
The life policies of the BBVA contemplate contributions related to the following particular cases:
- ambulance services.
- Medical care, either by phone or at home.
- Roadside or home assistance.
- Health discounts.
3.Metlife
This insurer has a wide variety of insuranceand life in Mexico, such as Master 20, Tempo Life, Met 99 either Life 360.
The standardized policy addresses protection for five years, and like many others, it is renewed annually and automatically.
Specifically, it will offer great financial support to your relatives at the time of your death. It is also important that you know that the premiums are calculated based on your gender, age and health habits.
4.HSBC
The insurance of vround tripn Mexico that you can contract through the HSBC company are very modern, competitive and comprehensive.
They are designed to cover serious illnesses, such as those listed below:
- Stroke.
- Acute myocardial infarction.
- Cancer.
- End-stage renal failure.
Likewise, they cover loss of organs and are extensive for terminal illnesses, in which the insurer assumes the payment of 50% of the sum insured by the contracting party.
5. Mapfre
Mapfre Insurance it also has very attractive and interesting life policies for Mexicans.
Their products are very versatile; This means that you can hire the plan that best suits your income levelor to your particular needs.
In addition, its payment modalities or fees are very flexible, which will allow you to contract the service without incurring debts, and without unbalancing your personal finances.
You only have to be at least 18 years old to formalize the contract, along with providing proof of address and a valid identity document.
6. Axa Insurance
The insurance catalog life in Mexico that has Axa Insurance it is also attractive and varied.
In reality, all its products have a higher purpose: to protect the insured’s family economy in the event of serious illness or death.
Its terms are five years and premium payments are made annually, which is very comfortable and convenient for its beneficiaries.
At the moment, the only contracting requirement is that the contracting party be between 18 and 65 years of age.
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How to choose a good life insurance in Mexico?
These are some of the elements that you should take into account when choosing a good life policy:
Define the insurance that best suits your personal case
Most likely, you already know that there are different types of life insurance on the market, and that choosing one or the other will depend on your specific requirements.
So your job will be to know and evaluate them in depth so that you understand their scope, coverage and benefits.
Once you understand what they offer you, you will be better prepared to hire the most favorable policy for you and your family members.
Consider a policy with savings
Did you know that life insurance in MexicoOr do they also work as a great investment instrument?
Indeed, savings policies offer you a wide margin of profitability, and even allow you to obtain profits from time to time.
As if that were not enough, they offer you the possibility of making withdrawals freely, which gives you a greater degree of control and operability.
Use the policy to protect your assets
In case you want protect your heritage Ideally, you should get the most out of the additional benefits of your life insurance.gives mexico.
For example, you should study insurance plans that include bonuses for:
- Hospitalization.
- Realization of oncological treatments.
- Support against terminal illnesses.
- Disability.
- Medical derivatives for accidents.
Benefits of contracting this type of service
These are some of the benefits associated with contracting this type of service, both for the insured and for their closest circle:
- They offer security and financial support to family members.
- The capital of the policy serves to cover the expenses of money related to the circumstances contemplated in the contract.
- In some cases, the amount that the beneficiaries receive, after the death of the insured, is exempt from embargoes and taxes.
- They reduce the risk of incurring debts, in case the insured becomes seriously ill or dies.
- The policies are characterized by being flexible. Consequently, they can be adapted to your level of income and your specific needs over time.
- According to a report from CNN Money, the insured sum usually replaces between five and seven years of salary. Therefore, your dependents will be able to enjoy a good quality of life once you pass away.
Invest in a good policy
Now that you know some insurance optionsyou of vgoing to Mexico, you should invest in the one that you find most functional and interesting.
In this way, you will have peace of mind and the certainty that your loved ones will maintain their financial strength in case you suffer disability, death or serious illness.
Without a doubt, these investments have a positive impact in the long term, and therefore, you should not underestimate their potential.
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