There is now not a day longer afraid of the insurance. Insurance is seen as a critical need to ensure the future remains bright, especially for families.
Like an umbrella, life insurance is needed at the time were annoying, but not aware of when conditions are safe.
In fact, as is known, life is fraught with risk. We can never predict when it hit our risk and family.
If you include those aware of this risk and the importance of protecting families through life insurance, it is very nice! [Read: The Importance Of Insurance For Your Financial Future]
According to data from the Financial Services Authority , the penetration rate of life insurance in 2014 increased compared to 2013. That is, the more people who become participants life insurance.
But there are other problems when existing awareness to follow the life insurance. The question arises: the right life insurance is like?
Various Kinds of Life Insurance
In general, there are four types of life insurance offered by insurance companies, namely:
1. Term Insurance (Term Life)
This insurance is usually offered a contract 5, 10, or 20 years. During the contract period, premiums paid fixed and calculated cost. But if you want to extend the contract period, premiums go up.
The premium will be forfeited once the contract is completed, so that the sum offered great to attract the public. This type of insurance is very popular, but rarely offered by an insurance agent because as most of the insurance companies are now likely to focus on unit-linked.
Recommended chose this insurance are those who put the future of the child above all else.
2. Life Insurance (Whole Life)
This insurance provides lifetime protection, but usually the insurance company only limit to 100 years. Whole Life insurance premiums are higher than Term Life, but will not burn if no claim.
In addition, when the contract expires, the sum insured will be given in full. This insurance is recommended for those who have no dependents and do not want to bother the family finances when he died.
3. Dwiguna insurance (Endowment)
This insurance is called dual-purpose or has two benefits because it provides insurance money when the insured dies within a specified period. Besides the insured can withdraw the money when the insured is still alive when the contract expires.
This insurance is like combining the benefits of Term Life and Whole Life, so that the premiums are more expensive. This insurance is recommended for those who want to:
- More ensure the education of children
- Have the funds for unforeseen needs in the future
- Have a larger retirement fund
4. Unit Link Insurance
Unit Linked life insurance is most often offered by an insurance agent. This product combines the benefits of insurance and investment. People taking this insurance is usually interested in investing but unable or afraid to dive itself while still ensuring his soul protected.
If you use a link unit, understand completely about the insurance money so that no misunderstanding when claims. But if you are looking for a large investment, it is better not to rely on unit-linked. For returns behind less significant when compared to the pure investment, such as mutual funds or stocks.
The Right Life Insurance
To choose the right type of asurani life for us as a family, be sure to view each of the insurance benefits to fit your needs. Moreover, which is also very important is to look at the financial ability to pay the premium.
Suppose we take the example of the case of Mr. Agus aged 30 years with a salary of Rp 8 million per month.
Objective take insurance:
- Protecting the future of his wife and one son
- Pension funds are sufficient.
- He did not need health insurance because he and his family are already zoned for office hefty insurance.
Mr. Agus family's financial situation:
- Already have a home with a down payment of Rp 2 million for up to 10 years into the future
- There are no other installment
With a salary of Rp 8 million and assumed to rise 5 percent per year, the financial condition of Mr. Agus it could be quite good.
Seeing the financial condition and needs, Agus select the type of endowment insurance. He signed a 25-year insurance contract with the insurance money of Rp 500 million.
That way, if he for instance died 20 years later, the family will get Rp 500 million. Whereas if he was still alive when his contract expires, the family will continue to receive USD 500 million.
To note, buying an insurance policy just as interested to hear the agent offer without knowing the ropes more is not recommended. Because one of choosing an insurance bet was financial condition can be messy. So, carefully and understand the insurance product before selecting it.