Single, Should Buy Life Insurance?

Should life insurance when I was single? Then when I wanted to quit the membership of an insurance policy, the premium while still half-way, I can not draw all the funds that I have paid. What should I do? I feel wrong buying this insurance product. (Ina Setyanti, 26, Jakarta)

The sequence in choosing insurance is a necessity, a new financial capability. Although still single, I suggest to have health insurance because health costs do not erode your savings and other investments. Health insurance offered by private insurance companies and Social Security. Social Security has a guarantee for health affairs at affordable premiums for all levels of society.

Well, for the life insurance business, you just need it if you have contributed to the family finances. That is, although still single, you may need life insurance if a family member is highly dependent life with you. However, if the condition is not so, I say you do not need life insurance.

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If it turns out you need life insurance, then buy pure life insurance. When you buy insurance, then you buy protection, not an investment. One great if you buy insurance for the purpose of investing. In recent years, offers life insurance combined with investment is more prevalent than other types of insurance offered pure soul.

Some things that you should understand is:

1. Life insurance premiums combined with the investment certainly larger than a pure life insurance. This is a result of your premium will be divided to pay for insurance as well as the allocation for investment products.

2. The allocation of investment in insurance product mix of new investment can be withdrawn 100 percent after a period of several years.

3. If the investment returns are not in accordance with the illustrations in the initial bid, then there is a possibility you are required to deposit additional payment of insurance premiums.

Understand that every year, insurance premiums paid are costs already incurred, and not a savings. So, if you do not need life insurance, do not feel the loss because it has to spend on premiums. I prefer you to see the positive that the risk of death to be protected was not the case until today, is not it? Live a Beautiful Life!