The need for Life Insurance and Family
The society in general, are still reluctant to ignore the importance of planning or insurance. When they were approached by insurance agents, they will avoid. This may also because insurance agents themselves, where they often sell it by force or push selling.
Insurance agents often sell products that do not conform with the needs of the clients, so clients feel wronged. Motivation arising from most insurance agents are getting the biggest commission of this type of insurance product that is not a need or desire of his client.
With the background of the story above, our society become reluctant when dealing with insurance companies. They have not made the insurance became one of the need for continuity of family life. Therefore we try to provide commentary about the importance of insurance for the family finances, both short and long term. For example, life insurance (life insurance).
The oldest type of insurance provides protection against the left parties (family, heirs) when someone dies, either suddenly or according to expectations. This is a financial protection. However, this Builder CO.CC protection may impact the psychological and other social-emotional. At least not until they feel lost all the financial support from the people who died.
Life Insurance
In planning the protection, then the first step is to determine whether you need insurance for protection? In brief, life insurance is the provision of funds to protect or maintain the continuity of the family life of a loved one. If you do not have financial responsibility for other people (family), you do not need life insurance.
If you are still naked and were not married then it might be better if you buy health insurance (if there is no benefit from the company). Or maybe you can buy insurance for diseases kristis or usually called critical illness insurance. With this insurance, if you are diagnosed, then you will get the money yet at the same time, or sump, which can be used to fulfill your daily needs.
For those who still naked, to buy a limited amount of life insurance can also be performed. This course should be accompanied by investments made on an ongoing basis.
For those who have wealth in large numbers, buying insurance may not be needed. Insurance allows you to protect your family from the damage left by the financial order, if there is risk, sorry died, the family left behind had no difficulty in financial terms because the amount of funds that was left was big enough for her family.
Determining Insurance
Most communities, finding out in advance the cost of insurance products, and then determine how much the price they could withstand. This is an inverse approach. Instead, the first step is to determine how much money do you need coverage. It is strongly influenced by many things, let your children age, lifestyle desired by the family, and how much your partner's ability to cover the loss of monthly income.
If you need life insurance for the purpose terntentu, suppose that investment to maintain the continuity of children's education costs, the calculation of the amount of money required coverage easier.
When read in many textbooks about family finances, at least you set up six times from your gross income or 10 times net income. Maybe this value is enough for some families but may also be low for some others. But at least you have a reference in determining the dollar value of insurance required to protect the family from the turmoil in the financial aspect.
We have outlined in detail the calculation of life insurance for families in the previous discussion with the title of the article "tips on how to calculate the life insurance money."
Deposit Insurance
Questioned what type of insurance products should be purchased sometimes make a lot of people overlook the importance of protection for the family. If you are looking for a product that fits your income or cost, term life may be an early best.
Term life can be taken each year and extended in the next year or you can buy it for a period that you specify for example 5 years, 10 years, even 20 years. When you purchase an annual term insurance, annual premium costs will always rise. Because insurance premiums see probalitas you greater mortality rose with increasing age. Whereas if you buy term insurance 10 year term, then the insurance company will calculate the average premium cost or flat for a period of 10 years.
As long as you pay premiums every month, your insurance protection will remain in effect. Whereas if you fail to pay annual premiums, your insurance protection will be exhausted by the time limit (grace period) is very short-one months. This insurance has no cash value. That is, if you meningal world at the specified grace period, then your family will receive the full sum assured.
However, until their expiration dates if you have not died, then the premium you have not paid you will receive in return a penny. So, if you did not die during the time the liability is limited, then the money you "lost".
When Buying Insurance
Some people ask, what about the insurance products that provide cash value? As unit-linked. Where you can select the types of investments that match what you want. Should this kind of buying insurance or buying term insurance and invest the rest?
When you compare these two things, buy term insurance and invest the rest will give better results if you consciously continue to invest. If you fail or postpone investment because of certain things, the results obtained it is not maybe a little more than the cash value given by the unit-linked products.
When you include the difficult to set aside funds to invest regularly every month, unit-linked insurance products can be an alternative. This product provides the benefits of this type of investment that we can select and protection is with him.
With the purchase of this prduk, every year (if you pay premiums every year) you will be billed the same amount of premiums, where some will be invested (the longer the greater the portion of investment compared with protection) and some other protection, and other administrative costs. For more details, we never discuss unit-linked products in our discussions earlier with the title of the article "Unitlink as an Alternative Product Options."
Insurance Calculation Illustration
There is also a life insurance have cash value. This type of insurance combines protection and savings. Examples of this type of insurance product, whole life or endowment insurance. If you are considering purchasing this type of insurance, insurance sales agent will provide an illustration of the calculation of the cash value may be you can. This illustration is a long list figures are a real headache. Briefly, this calculation gives you the growth of existing cash value in accordance with pembyaran insurance premiums that you have.
The problem, many insurance buyers are misinterpreting this illustration. They assume that this value is uncertain or guaranteed. When an impairment of SBI rate, as happened one recent year, the cash value will be obtained will be left far from the illustration because of the interest calculation is used to change to a lower degree.
In our opinion, there are two ways that can help you to solve problems like this. First, if you are considering buying insurance with cash value, ask the insurance agent to calculate the cash value when interest rates decline in SBI to the lowest (usually around 6 percent). That way you know the lowest cash value that you can get from the insurance premiums you pay each year.
The second way to overcome the shock, if there is a difference between the count of illustration of the fact that there is to ask the insurance agent to see the development of the cash value each year. That way you can follow developments and to find out the growth of the savings you make on these insurance products.
So a few reviews about the insurance plan, especially life insurance. Briefly known term life, whole life and endowment insurance. Deposit insurance has no cash value. This type of insurance like general insurance.
Whole life insurance has a cash value. While the endowment has the benefit of life insurance. Where there are stages that obtained by the policyholder when masaih life. Examples of this insurance is insurance education, where every child in school you'll get a stage in the form of cash. Hopefully this review provides benefits to you and family in planning a protection plan for the family.
Insurance agents often sell products that do not conform with the needs of the clients, so clients feel wronged. Motivation arising from most insurance agents are getting the biggest commission of this type of insurance product that is not a need or desire of his client.
With the background of the story above, our society become reluctant when dealing with insurance companies. They have not made the insurance became one of the need for continuity of family life. Therefore we try to provide commentary about the importance of insurance for the family finances, both short and long term. For example, life insurance (life insurance).
The oldest type of insurance provides protection against the left parties (family, heirs) when someone dies, either suddenly or according to expectations. This is a financial protection. However, this Builder CO.CC protection may impact the psychological and other social-emotional. At least not until they feel lost all the financial support from the people who died.
Life Insurance
In planning the protection, then the first step is to determine whether you need insurance for protection? In brief, life insurance is the provision of funds to protect or maintain the continuity of the family life of a loved one. If you do not have financial responsibility for other people (family), you do not need life insurance.
If you are still naked and were not married then it might be better if you buy health insurance (if there is no benefit from the company). Or maybe you can buy insurance for diseases kristis or usually called critical illness insurance. With this insurance, if you are diagnosed, then you will get the money yet at the same time, or sump, which can be used to fulfill your daily needs.
For those who still naked, to buy a limited amount of life insurance can also be performed. This course should be accompanied by investments made on an ongoing basis.
For those who have wealth in large numbers, buying insurance may not be needed. Insurance allows you to protect your family from the damage left by the financial order, if there is risk, sorry died, the family left behind had no difficulty in financial terms because the amount of funds that was left was big enough for her family.
Determining Insurance
Most communities, finding out in advance the cost of insurance products, and then determine how much the price they could withstand. This is an inverse approach. Instead, the first step is to determine how much money do you need coverage. It is strongly influenced by many things, let your children age, lifestyle desired by the family, and how much your partner's ability to cover the loss of monthly income.
If you need life insurance for the purpose terntentu, suppose that investment to maintain the continuity of children's education costs, the calculation of the amount of money required coverage easier.
When read in many textbooks about family finances, at least you set up six times from your gross income or 10 times net income. Maybe this value is enough for some families but may also be low for some others. But at least you have a reference in determining the dollar value of insurance required to protect the family from the turmoil in the financial aspect.
We have outlined in detail the calculation of life insurance for families in the previous discussion with the title of the article "tips on how to calculate the life insurance money."
Deposit Insurance
Questioned what type of insurance products should be purchased sometimes make a lot of people overlook the importance of protection for the family. If you are looking for a product that fits your income or cost, term life may be an early best.
Term life can be taken each year and extended in the next year or you can buy it for a period that you specify for example 5 years, 10 years, even 20 years. When you purchase an annual term insurance, annual premium costs will always rise. Because insurance premiums see probalitas you greater mortality rose with increasing age. Whereas if you buy term insurance 10 year term, then the insurance company will calculate the average premium cost or flat for a period of 10 years.
As long as you pay premiums every month, your insurance protection will remain in effect. Whereas if you fail to pay annual premiums, your insurance protection will be exhausted by the time limit (grace period) is very short-one months. This insurance has no cash value. That is, if you meningal world at the specified grace period, then your family will receive the full sum assured.
However, until their expiration dates if you have not died, then the premium you have not paid you will receive in return a penny. So, if you did not die during the time the liability is limited, then the money you "lost".
When Buying Insurance
Some people ask, what about the insurance products that provide cash value? As unit-linked. Where you can select the types of investments that match what you want. Should this kind of buying insurance or buying term insurance and invest the rest?
When you compare these two things, buy term insurance and invest the rest will give better results if you consciously continue to invest. If you fail or postpone investment because of certain things, the results obtained it is not maybe a little more than the cash value given by the unit-linked products.
When you include the difficult to set aside funds to invest regularly every month, unit-linked insurance products can be an alternative. This product provides the benefits of this type of investment that we can select and protection is with him.
With the purchase of this prduk, every year (if you pay premiums every year) you will be billed the same amount of premiums, where some will be invested (the longer the greater the portion of investment compared with protection) and some other protection, and other administrative costs. For more details, we never discuss unit-linked products in our discussions earlier with the title of the article "Unitlink as an Alternative Product Options."
Insurance Calculation Illustration
There is also a life insurance have cash value. This type of insurance combines protection and savings. Examples of this type of insurance product, whole life or endowment insurance. If you are considering purchasing this type of insurance, insurance sales agent will provide an illustration of the calculation of the cash value may be you can. This illustration is a long list figures are a real headache. Briefly, this calculation gives you the growth of existing cash value in accordance with pembyaran insurance premiums that you have.
The problem, many insurance buyers are misinterpreting this illustration. They assume that this value is uncertain or guaranteed. When an impairment of SBI rate, as happened one recent year, the cash value will be obtained will be left far from the illustration because of the interest calculation is used to change to a lower degree.
In our opinion, there are two ways that can help you to solve problems like this. First, if you are considering buying insurance with cash value, ask the insurance agent to calculate the cash value when interest rates decline in SBI to the lowest (usually around 6 percent). That way you know the lowest cash value that you can get from the insurance premiums you pay each year.
The second way to overcome the shock, if there is a difference between the count of illustration of the fact that there is to ask the insurance agent to see the development of the cash value each year. That way you can follow developments and to find out the growth of the savings you make on these insurance products.
So a few reviews about the insurance plan, especially life insurance. Briefly known term life, whole life and endowment insurance. Deposit insurance has no cash value. This type of insurance like general insurance.
Whole life insurance has a cash value. While the endowment has the benefit of life insurance. Where there are stages that obtained by the policyholder when masaih life. Examples of this insurance is insurance education, where every child in school you'll get a stage in the form of cash. Hopefully this review provides benefits to you and family in planning a protection plan for the family.
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