Life insurance is one of the central kinds of insurance and has the big sociopolitical value. Almost in all industrially developed countries it is the tested and popular tool for individual maintenance in an old age and for the help to a family lost the supporter. Thus, voluntary life insurance, undoubtedly is the major mechanism of maintenance in an old age.
Insurance
Life insurance traditionally is the most popular tool of maintenance in an old age. However, there are countries in which voluntary life insurance plays still large role. Examples in Europe is Great Britain, and in Asia - Japan. It is very closely connected with efficiency level, and also with a spectrum of services of the state systems of maintenance in an old age.
The state pension insurance which was constantly improved, provides very high standard of living of citizens.
For today, the size of payments of pension insurance makes approximately 20 % of the monthly salary which is not exceeding 5000 dollars. From these payments half the employer, other half - the hired worker pays. Then the standard pension after 45 years of realisation of payments from an average salary will make approximately 70 % of the income working. In 2008 the standard pension made about 1450 euros.
This system well worked within many decades, but last years is exposed to the increasing pressure. As well as in the majority of other countries, it is connected with two essential factors, one of which - features of demographic development. More and more senior citizens, and ever less payers of payments. Besides, number of the hired workers paying payments within 45 years decreases. Steady and long delay of economic growth Besides, takes place, interrupts also stagnation phases.
Therefore during the last years the various Governments have undertaken efforts on reform not to admit excessive growth of the size of payments for hired workers and employers and tax payments in system of pension insurance. With it are connected reduction of payments, in particular for the future addressees of pension payments.
Insurance
