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The Danish Insurance industry consists of life insurance and non insurance segments. The sector of life insurance in Denmark consists of basic life protection plans and annuity investments, while the non insurance segment in Denmark consists of health, accident and property insurance segments. The Life Insurance segment is the most profitable segment and has grown at around sixty five percent in 2011. The economical and European debt crisis of current times has slowed down growth of insurance in Denmark and has compelled the Danish insurance companies to raise their insurance policy rates and increase the width of their customer base. Different Types of Life Insurance in Denmark Life insurance policies allow your family a blanket of financial security when sudden death takes place in your family. Your absence would always be felt by your dear ones but their daily demands of life would be met if you had insured your life. The assured amount would help them achieve the dream that you had once aspired for them. There is a variety of life insurance policies in Denmark targeted to the various segments of Danish life. Some of them are: Life Insurance for Senior Citizens. After travelling nearly fifty to sixty percent of your life, your priorities in seeking life insurance are different from a young person’s of thirty years who is just embarking on their new family life. Even though some companies offer high premium rates for senior citizens, in general the life insurance policies are customized as per your requirements as a senior citizen. This life insurance in Denmark covers the insured person’s funeral cost and the surviving spouse receives cash gifts. Life Insurance Policies for a Group of People. The element of life insurance policies for a large group is usually seen as employee corporate benefits. Depending upon the number of people in a group the premium costs are lower and the facilities offered are the same as those of an individual policy holder. Variable Policies of Life Insurance in Denmark (or as the Danes say Forsikring Danmark). In these types of life insurance policy your normal life insurance policy becomes more valued and powerful with the inclusion of different types of investment schemes like mutual finds. These policies help you in tax reductions and also enhance the value of your investments via life insurance cover. Life Insurance policies related to House Loans. You might have taken a house loan for your family house. In case of your early demise, these life insurance plans pay the whole amount of your house loan and allow your family to stay in your dream house that you built for their safety. Full Life Coverage Policies of Insurance in Denmark. The full life insurance policies cover your full life till your death and are not for a fixed period of time. These policies have additional benefits like cash value added to them and in case of emergency one can take a loan against the cash value. The insurance premiums here are more costly than in other life insurance policies. Investing in life insurance is an important decision that you need to take in order to enjoy the benefits later on.
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