quota
What is a quota?
Protective measure
The quota is a measure of the proportion of the insurance that is allocated to each beneficiary in the event of the death of the insured. The quota can be expressed as a percentage or as a fixed amount.
In the context of loan insurance, the quota is often determined according to the amount of the loan and the amount of the insurance coverage. It can be adjusted to accommodate changing financial needs over time.
Selection
It is also possible to choose a higher quota to provide additional financial protection for the beneficiaries, or to cover other debts or financial needs.
It is important to review the quota regularly to ensure that it still meets current financial needs.
Ultimately, the selection of the quota depends on each person's individual financial needs and goals.