Contract of insurance-dependent and benefits of insurance contracts

On the payment of a premium, the insured shall receive an allowance in the event of loss of autonomy. It takes the form of an annuity.
The insured can then fund the solution that best satisfied him whether he is hosting in a specialized institution, a home help or the development of its housing. This benefit may be granted, in some cases with statutory allowance personalized autonomy (APA).

Some key points govern these contracts

·         The dependency contracts individually usually include minimum age conditions (18) and maximum (age 77) for the subscription. The actual average age of subscription is around 60 years, which corresponds to the average age of retirement.

·         All contracts provide a medical questionnaire. They are based on traditional formulas based on own medical expertise’s risk management.

·         A waiting period exists in case of illness. This period corresponds to the period just after the subscription during which the guarantee remains without effect. This period most often varies between 12 and 36 months depending on the type of disease.

·         Some contracts also provide exemptions (i.e. of the sums remaining the responsibility of the insured) accidents or diseases. They are most often of a duration of 3 months.

·         Finally, the majority of traded contracts maintain rights in favour of the insured even if it ceases to pay the contributions during the contract. It is nevertheless necessary that he has contributed a minimum of years, usually eight. This means that if the Subscriber ceases to pay the contributions, the contract remains in force, but with guarantees reduced from the originally planned safeguards. The insurer will then proceed to "reduction in safeguards implementation".

The cost of a dependency insurance varies depending on subscribed guarantees and the age of the insured to the subscription. According to an average by the FFSA in 2010, the monthly pension amounted to 540 euros.

In the case of loss of recognized independence (whose assessment is function of both grids previously cited) proposed contracts offer flat-rate guarantees which provide for payment of pension. Sometimes join this pension capital equipment and offers of assistance and services (such as telephone advice, or a setting in relation with providers...). These offers are aimed the dependent person and his family.

If insurance contracts come meet a financial problem, allowing the insured to receive compensation whenever the dependency support contracts offered in addition have rather a qualitative approach.

They are intended to help specific to the insured so that it addresses the dependence with the maximum information. Advice may be thus exempted to constitute aid application files (including that of the APA).
Information about the necessary arrangements to make the home following the dependency can be provided.  The insured can be helped in its efforts to find a specialized facility adapted to his situation.
Contracts may provide for the establishment of help at home or even, if necessary, psychological support services. The palette of services is therefore relatively wide.