According to 2022 data from the World Bank, in Latin America and the Caribbean savings represent only 17% of GDP and we have an average inflation rate of 6%. This means that of all our income we generally save only 17% to face any unexpected events, and in addition, every year prices increase and our money can lose value. Life insurance offers you some benefits like:
- Your family members and/or beneficiaries will be financially protected by the insured amount contracted in case of death. At Olé we offer you insured sums in U.S. dollars.
- In case you are diagnosed with a terminal illness, you may receive an advance payment if you have taken out this coverage. If you take out a life insurance policy with Olé, this benefit is free of charge.
- You can save and receive everything you paid in base premium for all the years of your contract with return of premium coverage. Check out our return of premium options.
- In case of accidental death, the premium may be increased for your family to meet the economic needs and in case of organic loss, you may also receive a percentage of the insured sum. At Olé we offer you this optional benefit.