What options to include or not include in a life insurance contract?

Whether or not to include certain options in a life insurance contract is a private matter for each insured and this “case” depends on his financial condition and health?

If financial possibilities allow, then it is desirable to include disability insurance in the policy for everyone, well, maybe except for those who are retired or retiring in the near future. Because financial disability is often worse than death.

In principle, it is always useful to include in the insurance contract an option on the possibility of early termination of the contract with the return of accumulated insurance reserves. This option will help you if your living conditions have changed and you no longer need insurance.

You can include in the contract the possibility of obtaining a loan secured by the policy and the ability to change the sum insured. If these options do not cost too much, they will allow you to gain greater financial freedom.

It is recommended to include a condition on payment upon survival in the insurance contract only if you consider insurance as a way of investing or optimizing tax payments. In other cases, this will unnecessarily increase the insurance premium.