Insurances

An Insurance is a contract providing a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. Insurance payments and returns of all household person members sum up to household insurances.

The following insurance types are available:

1. Life Insurance

Each person in the household may have a life insurance policy that covers them for a certain length of time. The beneficiary may be the primary or the partner of the household.

2. Mortgage Life Insurance

Each person in the household may have a mortgage life insurance policy that associates with a specific mortgage and covers for paying out any outstanding mortgage. The beneficiary may be the primary or the partner of the household.

3. Critical Illness Insurance

Each person in the household may have a critical illness insurance policy that covers them for a certain length of time. The beneficiary may be the primary, the partner or both.

4. Disability Insurance

Each person in the household may have a disability insurance policy that covers them for a certain length of time. The beneficiary may be the primary or the partner of the household.