According to the Mexican Association of Insurance Institutions, only 2.8 percent of those killed by Covid had life insurance.
According to the Mexican Association of Insurance Institutions, only 2.8 percent of those killed by Covid had life insurance. The average compensation paid to the bereaved was $ 275,000, a not inconsiderable amount, but it is not enough to give the family peace of mind and financial stability, because the average hospital expenses for Covid exceeds $ 300,000. From the previous numbers, it stands out that 97 percent of those who died from Covid did not have life insurance. They are numbers that, in times of pandemic, should not be so low, it can even be irresponsible, since a disease of this type can affect the family’s assets, especially if the head of the family is the sick person. Today there are many alternatives to cover this and other contingencies. For example, the life insurance offered by Actinver, for $ 5,000, anyone is insured for $ 1 million pesos.
The same Mexican Association of Insurance Institutions (AMIS) announced that as of May 18, 1,111 cases of infected people had insurance for major medical expenses, out of a total of 49,219 confirmed cases, in other words, only 2.25 percent of those infected have SGMM. In this case, Actinver also has a product that for just over 500 pesos a month, less than $ 20 pesos a day, anyone and their family can have Major Medical Expenses Insurance. Even if the case occurs, that the insurance has to be used, Actinver pays the deductible. We hope that no one uses these insurances, but we must not play the risk and especially the contingency of losing the family patrimony. It is better to be covered and prepared, it is not expensive. Do you already have your insurance?
They ask me, what is the trend of interest rates in Mexico? The consensus of most analysts agrees that the trend is downward on the part of Banco de México, at less than a quarter of a point in the short term and from another 0.25 percent to 0.50 percent later to finish. this year in a range of 4.75 percent to 5 percent. This is not good news for investors in general, but especially for those who invest in Certificates of Deposit or Fixed-term Notes, as they will eventually obtain rates of 2.5 percent, which would be a negative real rate, that is, they will earn a rate lower than inflation. On the other hand, for credit users this is good news because the cost of money and credit will decrease.
In the foreign exchange market, the peso has continued its path of appreciation as a result of the weakness of the dollar and thanks to the inflow of resources from foreign investors seeking to find assets that pay a higher yield in Mexico. For this reason, the dollar was falling, but it opened this week at 21.50 Pesos / Dollar and without showing a clear trend yet, it begins to rise, reaching $ 21.93 as of June 10 In the short term we continue to think that at current levels It is advisable to buy to have dollar positions in the portfolios, as a diversifier element of the portfolios. Three elements that could accelerate the depreciation of the peso are; i) The appearance of internal political conflicts, ii) After our country has lost one notch in its sovereign rating and after Pemex lost the Investment Grade, the next blow to the peso will be when the Rating Agencies, again, lower its rating , and depending on each one, they remove the Investment Grade or leave it one step away from doing so. It is likely that this will not happen in the remainder of 2020, but as a good tax collection is not expected in the second half of this year, it could happen in 2021. iii) Bad economic fundamentals of the country. If these elements materialize, they could take the peso to $ 25 levels.
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According to the Mexican Association of Insurance Institutions, only 2.8 percent of those killed by Covid had life insurance. The average compensation paid to the bereaved was $ 275,000, a not inconsiderable amount, but it is not enough to give the family peace of mind and financial stability, because the average hospital expenses for Covid exceeds $ 300,000. From the previous numbers, it stands out that 97 percent of those who died from Covid did not have life insurance. They are numbers that, in times of pandemic, should not be so low, it can even be irresponsible, since a disease of this type can affect the family’s assets, especially if the head of the family is the sick person. Today there are many alternatives to cover this and other contingencies. For example, the life insurance offered by Actinver, for $ 5,000, anyone is insured for $ 1 million pesos.
The same Mexican Association of Insurance Institutions (AMIS) announced that as of May 18, 1,111 cases of infected people had insurance for major medical expenses, out of a total of 49,219 confirmed cases, in other words, only 2.25 percent of those infected have SGMM. In this case, Actinver also has a product that for just over 500 pesos a month, less than $ 20 pesos a day, anyone and their family can have Major Medical Expenses Insurance. Even if the case occurs, that the insurance has to be used, Actinver pays the deductible. We hope that no one uses these insurances, but we must not play the risk and especially the contingency of losing the family patrimony. It is better to be covered and prepared, it is not expensive. Do you already have your insurance?
They ask me, what is the trend of interest rates in Mexico? The consensus of most analysts agrees that the trend is downward on the part of Banco de México, at less than a quarter of a point in the short term and from another 0.25 percent to 0.50 percent later to finish. this year in a range of 4.75 percent to 5 percent. This is not good news for investors in general, but especially for those who invest in Certificates of Deposit or Fixed-term Notes, as they will eventually obtain rates of 2.5 percent, which would be a negative real rate, that is, they will earn a rate lower than inflation. On the other hand, for credit users this is good news because the cost of money and credit will decrease.
In the foreign exchange market, the peso has continued its path of appreciation as a result of the weakness of the dollar and thanks to the inflow of resources from foreign investors seeking to find assets that pay a higher yield in Mexico. For this reason, the dollar was falling, but it opened this week at 21.50 Pesos / Dollar and without showing a clear trend yet, it begins to rise, reaching $ 21.93 as of June 10 In the short term we continue to think that at current levels It is advisable to buy to have dollar positions in the portfolios, as a diversifier element of the portfolios. Three elements that could accelerate the depreciation of the peso are; i) The appearance of internal political conflicts, ii) After our country has lost one notch in its sovereign rating and after Pemex lost the Investment Grade, the next blow to the peso will be when the Rating Agencies, again, lower its rating , and depending on each one, they remove the Investment Grade or leave it one step away from doing so. It is likely that this will not happen in the remainder of 2020, but as a good tax collection is not expected in the second half of this year, it could happen in 2021. iii) Bad economic fundamentals of the country. If these elements materialize, they could take the peso to $ 25 levels.
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