What is Individual Life Insurance?

Individual life insurance is a type of insurance that provides financial security against risks that individuals may encounter throughout their lives. This insurance guarantees that a certain amount of payment will be made to the insured's relatives or themselves in the event of death, illness, or disability. Life insurance provides financial security to your family or loved ones in a possible difficult situation.

Types of Individual Life Insurance

Individual life insurance has various types that are shaped according to different needs. The most common ones are as follows:

Basic Life Insurance: Basic life insurance ensures that the specified insurance amount is paid to the insured's family or specified persons in the event of the insured's death. This policy is designed to prevent the insured's family from being in a financially difficult situation in the event of a sudden death.

Critical Illness Insurance: Critical illness insurance pays to cover the treatment expenses of the insured in the event of a serious illness (cancer, heart attack, stroke, etc.). In addition, if the insured becomes unable to work due to illness, the insurance policy can also provide a certain income support.

Income Insurance: Income insurance aims to provide a certain income in case the insured loses his/her ability to work due to illness or accident. This type of insurance is important for individuals who lose their ability to work to maintain their standard of living.

Accumulative Life Insurance: Accumulative life insurance provides both insurance coverage and the insured saves money by paying premiums during the policy period. This type of insurance is designed to meet future financial needs and a payment is made to the policyholder at the end of a certain period.

Individual Life Insurance Advantages

Protects Your Family: Basic life insurance prevents the family members left behind from experiencing financial difficulties in the event of the insured's death. In this way, your loved ones can maintain their standard of living.
Assurance in Case of Illness and Accident: Critical illness insurance covers treatment expenses in case of serious health problems and provides financial support to individuals who lose their ability to work due to illness.
Temporary Income Support: Income insurance pays temporary income in case the policyholder becomes incapacitated due to illness or accident.
Savings and Investment Opportunity: Savings life insurance is also a savings tool. You can save by paying insurance premiums and meet your future financial needs.
A Peaceful Future: Individual life insurance secures you and your loved ones against uncertainties about the future. This offers you a peaceful life.
How is Individual Life Insurance Made?

You can apply to insurance companies to get individual life insurance. During the application, a suitable policy is recommended for you, considering factors such as your age, health status and insurance type. Premiums vary depending on the insurance coverage you choose, payment period and coverage. Your insurance consultant will help you create an insurance plan that suits your needs.

Secure Your Future with Individual Life Insurance

Individual life insurance is an important type of insurance that protects not only the insured person but also their family and loved ones. You can secure your loved ones financially by taking precautions against the uncertainties that life brings. It both increases your quality of life and helps you take a step towards a financially peaceful future.