Of this feature follows the main advantage of insurance savings in comparison with other methods of storage (such as bank deposits) along with certain investment opportunities policy gorantiruet and insurance protection. In addition to life insurance (in case of death of the client before the expiration of his insurance, the heirs are not only made the entire amount accumulated s, but a lump sum of insurance coverage, and very substantial) the contract may include additional protection against other risks, such as the risk of disability. This means that if during the period of the contract customer for any reason is not capable of work (say in an accident) and no longer able to pay the premiums, the company undertakes to pay insurance premiums. This condition is particularly interested in the family If only one breadwinner. However, it is worth remembering that the inclusion of additional services will increase the cost of the policy. A significant advantage naopitelnyh insurance is their freedom from taxation: payments under voluntary life insurance (five years or more) are not taxed on income (but only if the contract does not uslovyya provide for periodical payments during the first five years) Income from bank deposits is in excess of the rate taxed refenansirovaniya (p.2 st.224 Tax Code).
Frequently among long-term disadvantages of life insurance called the low level of profitability. Indeed, compared to bank deposits, which offer 7-11% per annum on deposits in foreign currency, investment income on insurance policies is less attractive (3-8%). Interest rates are low primarily because the life insurance – is a long financial product, expected for ten – twenty years or more. Assess the return on investment for such a long time is difficult. In fairness, we note that the only means to assume depozty krastkosrochnyh vlazheny would be a mistake. Indeed, banks enter into contracts for a shorter period than the insurance companies, but by its end You can roll over the deposit agreement, although sometimes at lower potsent on dogosvoru.