Banco Sabadell offers a series of informative videos to its clients to answer all their doubts. These are four pills that, in the hands of experts from the entity, will address the needs of personal and patrimonial protection, European restructuring funds and sustainable finance, and that can be seen from now until the end of the year at www.laverdad.es .
The first of them, already available on the web, addresses those personal protection needs in charge of the director of Seguros Territorial Este of Banco Sabadell, Rosa María Gómez Martínez, with special emphasis on life insurance, personal protection insurance that responds to the questions: ‘How do I want to build my future and that of my family?’, ‘If something happens to me, how is my family going to face these projects?’. «It is well known that in Spain we have little culture of protection. In fact, we have a culture of denial towards death. We want to think that nothing is going to happen to us and, furthermore, unlike other European countries, we consider this type of insurance as an expense, rather than as an investment in peace of mind. Well, that is the mission of life insurance: they are an investment in peace of mind, ”Gómez clarifies.
In data, in 2020, life insurance covered more than 60,000 deceased people with an average payment of 45,000 euros to families, and 4,700 of them have been used to pay mortgages. “It is one of the examples of how different it is to face a situation as complicated as a death, or a disability, with or without life insurance … leaving a house or inheriting a mortgage”, emphasizes the expert .
“We think that nothing is going to happen to us, and sometimes we consider this insurance as an expense, but its mission is to be an investment in peace of mind”
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The importance of these insurances has become evident, even more, as a result of the pandemic, a “difficult stage that has changed our lives, our priorities and concerns, and the way we look to the future, for which we all feel very sorry plus the need for life insurance. In this sense, the concern among clients about their personal and economic situation has increased, as well as the unforeseen events that may arise, seeking economic peace of mind for individuals and their families. In this sense, Banco Sabadell has included Covid-19 coverage directly and at no additional cost since May 2020, “so that no customer is left or is unprotected because of this disease,” says Rosa María Gómez.
Designed for women
There are situations in which life insurance is especially important, such as suffering from a serious illness such as breast cancer. In this case, the entity has the Life Care Woman Life Insurance, with which it seeks to minimize the psychological and economic impact in the cancer process, since in addition to covering death and disability, it anticipates an endowment for the woman economic of up to 70,000 euros at the time of detection of the disease that you can use in the expenses you decide.
“The objective, at the end of the day, is to help you in your fight against the disease, giving you peace of mind in the economic aspect, and that you have the resources for the best medical support,” says the entity’s East Territory insurance director , adding that for each Life Care Woman life insurance, Banco Sabadell donates 3 euros to research against female cancer.
Health insurance
On the other hand, with Covid-19, Public Health has had to prioritize the most critical treatments and cases over some others that, being essential for our well-being, do not present such a high risk to your health. «In this situation, private health insurance is important because it provides differential and preventive services, as for example, in the case of breast cancer that we have discussed. It is very important to have complete assistance, without waiting and personalized, and private health insurance is one of the best options, being one of the most demanded insurance in 2020 “, says Rosa María Gómez.
In this regard, Banco Sabadell’s health insurance stands out for offering a lifetime policy which implies that after three years, the insurance company cannot cancel the policy, giving guarantees regarding aging; and, on the other hand, the stable price, with the same rate for all the insured according to age, “without surcharge in the event that a high use of the insurance occurs one year due to different pathologies or surgical interventions.”
“This health insurance, in combination with our Life Care and Life Care Women insurance, allows our clients to protect what is most important: their family and their health,” says Gómez.
recommendations
The Banco Sabadell East Territory Insurance Director provides a series of recommendations when contracting life insurance. In the first place, it highlights how to fix the insured capital: «If we consider that on average it takes about 3-5 years for a family to recover economically after the loss of one of its members, the most advisable thing is that the insured capital is as at least 3-5 times the annual income of the person to be insured, to which should be added financial debts and, finally, increase capital if there are minor children, “says the expert, contributing that Banco Sabadell adapts to each profile and include double capital coverage in the event of minors and joint death of the parents.
Second, there are the beneficiaries, that is, “who or who do we want to collect”, bearing in mind that life insurance is not part of the estate and it is the policyholder who decides who he or she wants to collect and in what percentage. Lastly, customization. “Before taking out life insurance, a completely confidential health questionnaire must be done, where the company collects our particularities, such as if we have any disease, if we do risky sports or if we have been intervened. If the company knows them and accepts the contract, there will be no reason for rejection “, concludes Gómez.
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