Pax is offering its new Pax Care life insurance completely free of charge. But does the offer bring real value, or is it just a marketing gag?
A death is almost always an emotionally-trying experience for the family and friends of the deceased. But the emotional toll is often amplified by the many accompanying administrative tasks and costs.
What is Pax Care?
Pax Care is a completely free life insurance offer from established Swiss insurance provider Pax. The insurance provides your loved ones with basic assistance with the organizational and financial aspects of your death.
You name the person who should receive the benefit when you sign up. This does not have to be a relative or legal heir. You can change the beneficiary at any time.
If you die, the person you specify in the insurance policy will get:
How much does a funeral cost in Switzerland?
The costs associated with a death typically run into thousands of francs. These costs must be paid by your legal heirs.
In some municipalities, including Basel, Geneva, Zurich, and Lausanne, certain basic services like cremation and a burial plot are free of charge for deceased residents. In others, these services must be paid for. In Bern, for example, basic funeral costs and ground maintenance come to between 2281 and 2581 francs, with another 620 francs for a cremation, when applicable.
The cost of formalities, like the pronouncement of death by a doctor, the creation of a death certificate, the issuance of certificates of inheritance, can easily add up to thousands of francs.
Voluntary additional costs, like fees for funeral parlor services or the cost of personalized tombstones, can add thousands of francs more to the cost of a funeral.
The free Pax Care insurance can help those you leave behind to cover these expenses, and it costs you nothing. You can sign up for Pax Care completely online.
Does the Pax Care life insurance come with hidden costs?
No, the insurance is completely free of charge. Unlike the complimentary insurance that some insurance companies give to customers with paid insurance products, you can get Pax Care for free even if you do not use any paid products from Pax.
Why would Pax give out free life insurance?
The free Pax Care offer is primarily a way of attracting new potential customers who may be interested in Pax’s paid products. When you sign up for Pax Care, you have to complete a short questionnaire. Pax uses the information you provide to propose solutions for financial planning.
However, there is no obligation to sign up for any of the proposed offers. You can always keep your Pax Care insurance regardless of whether or not you use any additional offers from Pax. For that reason, it is fair to say that Pax Care really is a genuine free life insurance offer.
Is there an age limit?
Pax Care is available to residents of Switzerland between the ages of 18 and 64 years old.
How much would comparable insurance cost?
Term life insurance with a 2000-franc benefit typically costs between 50 and 100 francs per year. Getting consultation from an expert can easily cost several hundred francs. So the value you get for free with Pax Care can be worth up to several thousand francs.
To benefit from this free life insurance, just sign up for Pax Care online now.
protected by
