7.- WHEN DOES THE LIFE INSURANCE FINISH?
It usually ends at 70 or 75 years, and you can only hire until 65. Companies know that we have an expiration date, so it would be absurd to insure as if we were eternal.
When the policyholder reaches that age, the insurance is automatically canceled ... and so glad he didn't need it, right?
Life insurance policies are paid annually and the amounts that companies charge are increased by different percentages according to age. Up to 50 years, the increases are small, from 50 to 55 rise, then more ... It is normal, because our chances of dying also rise.
When contracting a life insurance, we can choose if we want the insured capital to be revalued every year according to the CPI or with a certain percentage, or if we prefer to always keep it for the same amount. This will also influence the receipt to be paid.
An insurance broker can advise us on the offers of the different companies most advantageous for our personal situation.
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