The main objective of insurance, by definition, is to take care of the person who hires it to avoid complicated situations or, at least, make life as easy as possible in those moments called "of the truth".
A clear example of this definition is the case of life insurance that arises to cover the risk of death of an insured with the aim of guaranteeing the economic security of the people who depend economically on him in case he dies.
Currently there are up to four types of life insurance depending on their final object:
Life insurance in case of death. It is the most common. In it, the insurer pays compensation to the beneficiary in the event of the death of the insured. Within this typology there are different types of products: deferred life insurance (a minimum of years of contracting is established to pay the amount in case of death), temporary insurance, which covers for a specific period of time or life insurance, which covers the risk of death of the insured throughout the life of the same.
Life insurance in case of life or survival. It is a type of insurance in which the contract expires on a specific date previously stipulated. It can be deferred capital or deferred income.
Mixed life insurance. This insurance combines the two previous typologies. The insurer undertakes to indemnify the beneficiaries if the insured dies before a specific date. If you survive, you will be given compensation.
Life insurance linked to financial operations. They are the so-called "unit linked", life insurance that invests in investment funds.
At Mutua Madrileña we currently have life products adapted to the main profiles: from life risk insurance in the event of death such as our Family Life, Family Life Plus or Life Loan insurance (indicated for the coverage of a personal or mortgage loan), to life insurance linked to investment funds (such as our unit linked for conservative profiles, moderate or dynamic) or traditional savings insurance, such as the Ahorro Plus Plan that currently offers a net return of 1.25%.