Are you considering taking out life insurance but want to compare different options? Life insurance policies come in several different options and are often intended for different situations in life. When comparing the features of life insurance policies, pay attention to your household size, debts and annual income. By taking the right things into consideration, you ensure that your life insurance is suitable for your situation.
As an OP cooperative bank owner-customer or a Pohjola Insurance prime customer, you get the additional benefit of a 25% discount in the price of life insurance. The additional benefit is valid for a year. The benefit is confirmed annually, and its distribution aims for continuity. The size of the benefit may vary, or the benefit may be waived.
Single and joint cover
When comparing life insurance products, think about your current life situation. In single cover, the life insurance covers one person. Joint cover usually refers to joint life insurance for two persons. You can get life insurance cover that is comparable to joint cover with two separate life insurance policies. In other words, while we do not offer joint life insurance for you and your spouse, both spouses can get a separate life insurance policy.
Life insurance and critical illness insurance
When you get life insurance, you can also supplement the life insurance policy with critical illness insurance. When comparing life insurance policies, it's worth considering if you should also get cover for critical illnesses at the same time. You will personally receive a lump-sum compensation exempt from tax from the critical illness insurance if you fall critically ill, or if any of the procedures specified in the terms and conditions is performed on you.
Both insurance policies require you to complete a health declaration. When you get life insurance and critical illness insurance at the same time, you only need to complete the health declaration once.
Life insurance for entrepreneurs
If you are self-employed, you can take out a life insurance policy designed specifically for entrepreneurs. In this case, you can deduct the insurance premiums from your company’s taxes. It is also useful to consider the difference between life insurance for personal customers and self-employed persons when comparing the prices of insurance. Life insurance for entrepreneurs can secure your loved ones’ finances or ensure the continuity of your business.