BURIAL INSURANCE ABOUT 4 THINGS YOU DIDN'T KNOW

 An old Anglo-Saxon proverb states that absolutely nothing can be considered granted in this life except death and taxes. Neither the very first nor the 2nd are typically subjects that people like to speak about, however, the reality is that both are there. That is why it is necessary to remember that death insurance can assist when the pale horse crosses the road and when it concerns managing a will. All Saints' Day serves as an excuse to talk a little about this insurance coverage. Insurance coverage that, by the way, does not exist in almost any other country in Europe however that in Spain accumulates a custom of more than a century and a half.

1. Cádiz, the place where people are worked with the most

Finally, a geographical note. The province of Spain where death insurance has a greater existence in relative terms is Cádiz. Approximately 80% of the people of Cadiz have their burial guaranteed! And beware, Cádiz is not amongst the earliest provinces in Spain.

2. 1 in 3 insured individuals is under 40 years of age

Another function of funeral insurance coverage is the robot portrait of its policyholders. Are they all older people who notice the completion of their days? Definitely. One in 3 customers is under 40 years of age. And how is this possible? Due to the family nature of this product.

Death insurance coverage is paid in one-third of Spanish families with large families and minor kids. The very same occurs in one of every four households where a couple deals with a kid or teen. It is a misconception to think that death insurance coverage is an item planned exclusively for the senior cohorts of the population.

3. Over half of the population has hired

One of the things that stand apart the most about death insurance is its capillarity. It is one of the most comprehensive insurance coverage in Spain. Nearly half of the country's residents are safeguarded by one of these policies. In reality, it is really possible that you are one of them. A good part of the death insurance coverage is of a household nature. So maybe among your family members has actually employed one and you are amongst the guaranteed.

4. A lot more than burial care

Valuing the funeral insurance coverage service is easy: its turnover in 2019 amounted to 1,000 million euros. But, in reality, its value goes much further. His excellent contribution is the provision of a thorough service at an especially intricate time for households. The growth of coverage that has actually been given up insurance coverage over the last few years implies that the accompaniment of the household goes much further than managing and paying for the burial. This insurance can aid with issues such as psychological care for members of the family, probate, or last management of the digital life of the departed, among other issues.