Understanding the full benefits and life insurance – life insurance is an insurance that aims to take away those against unexpected financial losses, caused by the death of her life too fast or too long. Or the definition of life insurance is a contract agreement between policyholders with an insurance company or insurer, which pihakasuransi promised to pay nominal money in case of risk of death against the holder of the insurance policy/party.
Types of life insurance policy
Life insurance has various types of products, in which each of the types of products that have different benefits. many types of life insurance product aimed to serve a variety of needs, abilities, and purchasing power.
- Futureslife insurance(Term) isa policythat isthe simplest andthe least expensive.Thispolicyis usuallytakenfor a certain period, for examplebetween10, 20 or30 years.Its purposeis toprovidetemporaryneeds, such aseducation, housing, mortgage payments,and so on.Typesofproductis suitable foryou whohave a need fora hugeinsurancecosts, but willonly havelimitedpurchasing power.
- Whole life insurance(Whole Life) isoneof the basictypes ofPermanentlife insurancethat provideslifetimeinsuranceprotectionfora person.If youwant tobenefitmore than justcompensation forthe death, oryoulike the idea oflong-termsavings.If youwant theprotectionof the soulat the same timememilikiisavings foremergency needs, such asthe cost ofhospitalbills.Or,if youwant to get a growthcapitalinvestment,youmight considerbuyingthisinsurance policy.Butbe prepared topayhigher premiums,life insurancethan onfutures.
- Life insuranceDwiguna(Endowment)is atypeoflife insurancethat givestwoadvantagesat once.The firstbenefitsin the form ofthe acceptance ofa certain amount ofsum assuredif the insureddied/died,withina certain time periodin accordancewith the policy ofinsurance policyyoupurchased.Secondly,if the insuredis still alivewhenthe time periodexpires,the insuredwillget all of thesum assured.
Before you buy a life insurance policy, you are advised that it may seek more information or as many on several insurance companies, then you compare the protection afforded by the premiums to be paid. Also need to be considered, how many family members who became dependents you, and inventarisir required for the educational needs of the child.