Life Insurance: Protection of Life or Income Protection?

Tutorials1927 - Death can be always be the first word associated with life insurance. Because that's not a few people who stay away from this insurance. However, this insurance does not actually pray for us in order to die, because everyone who is born will die.

We are faced with the uncertainty of the time of death. Life insurance does not protect a person's soul, but to protect the bereaved family income when the person died. By purchasing life insurance we have to transfer the financial risk in the event of death.

Life insurance is good. We do not only loving family while still living alone. With life insurance, after death, love can also be shown to ensure the needs of the bereaved family. All the family wants abandoned not be nahkodanya crew abandoned ship.

Life is a choice. So it is with life insurance. We are faced with a choice. There are four categories of life insurance. The first is term life insurance (Termlife insurance), life insurance (insurance Wholelife), endowment insurance (endowment insurance), and the unit-linked life insurance (unit-linked insurance).

To select the best course we need to know more first products of the life insurance. Termlife insurance is the insurance sum assured (UP) will be paid when the die within a certain period in the agreement. This type of insurance can be said to be pure insurance because they do not have a savings element. To that end, life insurance premiums are the cheapest compared to other life insurance.

Wholelife insurance used to protect the insured's lifetime. The policyholder must ensure that the premiums paid consistently in order to remain active. However, the insurance premium has been providing free services if they are not capable of a lot because of permanent disability or in part by increasing the premium for the rider. In contrast to Termlife, this insurance has a cash value.

Endowment insurance has two elements, namely savings and protection. With this savings element then has a greater premium. Actually, we could save themselves but the savings element in our insurance will be more disciplined in saving.

Insurance companies more innovative. Has no endowment which combines savings and protection. Now, was born the unit-linked insurance, investment and protection combination. This insurance has the highest premium among all types of life insurance. It turned out that the insurance company's innovative a lively debate in the community. Anyone have a better argument that menggu nDo life insurance without investment because the investment performance of mutual funds in general is better than life insurance.

As mentioned earlier, life insurance is used for income protection. So, in general, the backbone of the family of the insured in life insurance. Make no mistake, not only for people who have been married, but anyone who has dependents and very dependent on that income can follow life insurance.

Usually when taking Housing Loan (KPR), the bank has provided life insurance. This meant that the banks as stakeholders on mortgage payments are protected from breaking revenue is concerned, if deceased. We know that the mortgage can take place in a long period of time, up to 20 years.

In this period there is the possibility of the death of the debtor, so that life insurance is the most appropriate measures to overcome it. In addition to the bank to buy life insurance in the interest repayment mortgage, there are also companies that provide life insurance for its employees.

However, the insurer has little value, approximately one year's salary. Is that enough for the family left behind? It should not be enough. For that we need to buy life insurance itself. In addition based on the value that is not enough, we need to consider that during the work in the company, during which we covered. What if we get out? Of course the company would not want to bear again.

So, you should not rely on company-provided life insurance. Prepare independently. Do not wait for an insurance agent to come and offer. When it was time to have life insurance, find and choose from many alternative insurance company.

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