Have you ever wondered what retirement savings plans are and the coverage they handle?
Here we mention the importance of these plans and their usefulness. The expectations of reaching a retired or retired old age increase every day since life expectancy is increasing and continues to increase over time. This, both for people who work in a company and for those who work on their own or have their own businesses and are not registered with any of the public security institutions.
However, the above commonly causes us to face one of the following situations:
For employees: The amount of pensions established by law is usually considerably less than the last salary reached at retirement age.
For independent workers: They generally do not have a pension plan. And they have the need to establish a fund for a complementary pension or to create a pension fund from scratch.
To satisfy both cases, it is advisable to hire a Retirement Plan. Through a plan of these you can develop a fund for your pension according to your needs. Its purpose is that the insured receive a retirement income at the expected retirement age sufficient to avoid economic dependence on others. You will also have special benefits in a plan of this nature and you can also consider adding additional coverage such as any of those listed here.
Coverage in case of death of the holder: This is a basic coverage that is included in your plan. In the event of death before enjoying the benefits of the retirement plan, the beneficiaries receive an income or single payment that allows them to remedy the economic consequences.
Exception from payment of Premiums for Disability: This exempts you from the payment of premiums in case of disability. Its objective is to give continuity to the retirement plan even when disability due to accident or illness occurs. Additional Coverage with payment of an insured sum in the event of disability or incapacity due to accident or illness.
In any case, at UWORLD INSURANCE GROUP, we are here to provide you with all the appropriate information and advice so that you always make the best decisions for your safety and that of your family. So do not hesitate to contact us, we are attentive to provide you with the best advice.