LOAN INSURANCE:LIFE INSURANCE AND EMPLOYMENT

FIFTH ASSIGNMENT SALARY AND DELEGATION



The fifth assignment salary is guaranteed by law, against the risks of death and loss of jobs.
E 'for precisely this that is also called "guaranteed loan".

The insurance may be issued by INPDAP (only for civil servants and state, with long waiting times in general and a set of strict rules to be followed) or from private insurance companies with significantly shorter time and without restriction details.
Costs are substantially equivalent.

Insurance guarantees are two:

- Life insurance: In case of premature death or permanent disability, the Company settles the outstanding amount of insurance to the Bank and will cover the entire claim.
For this investigation is requested at the customer filling out a form on their health.
In the case of particularly large amount of advanced age or in case the applicant may be required filling out a medical questionnaire by the GP.

- Employment Insurance: In the event of termination of employment for any reason (resignation, dismissal, bankruptcy of the company etc..) Insurance Company, the firm the bank that financed the loan and the rival institution which still remains the principal debtor.
In case of temporary cessation of employment (as is the case for a period of unpaid leave), the insurance company replaces the client during that period in the payment of installments unless, of course, later on the same claim.

One of our users has put an interesting question.
We decided to publish the question and answer for use by all visitors.
I am a private employee, I would like to apply for funding but before doing so I need to know some detailed information:

1) In the event of premature death as does the policy risk lives?
well of course to make use of my severance pay what percentage of residue cover 's insurance?
I learned that as appropriate insurance may cover only 30%, you could make me some examples?
2) If lincenziamento, the financial uses of my severance pay, but then, what does?
if I were to return to work in another, smaller companies maintain the same installment?
TFR "old" still has to be donated?
and if I do not find more work?

Answer for points:
1 - If the bill premature death settles the debt is unmatched in the TFR;
2 - If the job loss the Bank passes on severance pay and any portion remaining generally happens that we come to an agreement to transfer the outstanding debt on the new paycheck.
Usually with such installment, and this even though the new company is small.
If there is a new pay packet and the client is unable to repay all in one solution, then the practice goes on the left: the insurance compensation to the bank and then have the right to claim against the customer.
If the cause of the loss of jobs was not foreseeable at the time of disbursement of funding (eg subsequent bankruptcy of the company) then the policy covers the claim.
Different, of course, is where the cause of job loss was foreseeable or is attributable to customer behavior (resignation, dismissal for just cause etc.). Then this is the debtor.