What is a personal insurance and why can it save you thousands of euros?
1 min read
An accident, illness or death can have major financial consequences. Yet many people think that this “will not happen to them”, until the moment arrives. With a personal insurance, you protect yourself and your family against such risks. In this article, Life Experts bv explains what a personal insurance entails, which types there are and how it can save you thousands of euros over time.
What is a personal insurance?
A personal insurance is an insurance that offers financial protection in the event of unexpected personal events such as illness, disability, accident or death.
It is often used to:
- Protect income. - Cover medical costs. - Provide surviving relatives with financial security.
Types of personal insurance
1. Life insurance, ensures that your surviving relatives are financially supported in the event of death. 2. Disability insurance, absorbs the loss of income in the event of illness or accident. 3. Hospitalisation insurance, covers medical costs in the event of admission to hospital. 4. Accident insurance, pays out in the event of permanent disability or death after an accident.
Why can this save you thousands of euros?
- Medical costs: hospital admissions can cost tens of thousands of euros. - Loss of income: long-term incapacity for work? Without insurance, that can add up to €30,000 or more per year. - Protection of your family: prevents your surviving relatives from getting into financial difficulties.
Common mistakes with personal insurance
- Taking it out too late (“I'll arrange it later”). - Looking only at the cheapest premium. - Not checking the coverage regularly.
A personal insurance is not a luxury, but an essential safety net.
At Life Experts bv, we independently compare the best options, so that you can be sure you are sufficiently protected, without unnecessary costs.
Questions about your own situation?
This article is general information. Your adviser will look at what it means for you.