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Even if the name of this policy might sound a little weird, you should know that this option added to your contract would protect your children until the day they get married. The name is weird because if describes exactly what this insurance option is about. The dowry insurance policy offered by the whole life insurance companies is a sum of money that will be given to your children exactly in that special day. It is a special type of insurance and it is a characteristic of the single premium insurance options. It protects your family in case you decease before this event, as the beneficiary will benefit of the money in any case. It is like a student insurance option with a few extra features. Another characteristic is that the sum is paid integrally at the end of the contract, and if the contractor dies, the child will benefit of this sum at the agreed time. In the case of the decease of the beneficiary, the policy becomes a mixed insurance policy.

The mortgage insurance policy

It is that insurance requested by the bank once you sign a contract of this kind. From this money, the bank will take whenever you can’t pay the rates by yourself.

The renting insurance policy

The renting insurance policy is a contract between a renter and an insurance company. The renter pays a monthly fee, and in exchange, the insurer compensates any loss caused by the action of the tenants. This includes unpaid rents, damages around in the rented house and unpaid bills. However, this does not mean that the tenant is absolved of any obligation. On the contrary, the insurance company will surely try to get the money from this person by any means necessary, including a lawsuit. In some cases, the renter might even request the tenant to pay the insurance.