Ngopisantuy.com –Life Insurance Signs of Love in the Family, Many of us may wonder why we need life insurance when we have sufficient investment, an appropriate monthly pay, and children’s education money that have been carefully distributed, so that tertiary demands are already met. Our financial situation appears to be secure, correct?
Unfortunately, recent occurrences reported by a number of news websites indicated differently. According to reports, a young guy who worked for a well-known IT firm died unexpectedly from a stroke.
Indeed, based on his social media profiles, the guy leads a healthy lifestyle; he is meticulous in consuming good food, enjoys exercise, particularly running, and even has time to compete in marathon events throughout the world.
Who would have guessed that a devastating disease like stroke might strike someone who are still reasonably young and live a healthy life?
Furthermore, his demise left behind his wife and two tiny children. With the family’s main income gone, it’s tough to foresee how they’ll pay for their life in the future.
The preceding scenario might happen to anyone, including you and me. Don’t you want your loved ones’ lives to be tough if anything unforeseen occurs to us? As proof of our love for our family, we must shield ourselves with soul protection.
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Let us define life insurance
What exactly is life insurance? Life insurance is defined as a program of protection for the family in the case of unfavorable events, such as death, to the insurance policy holder.
Yes, as in the preceding example, life insurance is meant to give financial stability and certain protection to the grieving family in the event that the insured dies.
Simply put, as the insured, we must pay a set amount of premium on a monthly basis. When we die, the insurance company will pay the grieving family the Sum Insured (UP) as indicated in the contract agreement.
Unfortunately, the Indonesian people’s knowledge of the need of having life protection remains low. According to study data published in the Manulife Investor Sentiment Index 11 in 2017, just 1% regard life insurance to be a priority.
So, what should be done before obtaining soul protection?
1.Make a budget
It’s difficult to set aside money every month for items we can’t afford right now. In order to do this, we must remember the adage “sick first, fun afterwards.
” Recognize that the money we save today will be extremely beneficial to our family in the future. Set aside 10-20% of your monthly earnings for special allocation posts to pay life insurance premiums.
2. Get Insurance While You’re Still Healthy
Each insurance business has particular provisions for prospective customers. One of the most prevalent is the potential policyholder’s health.
Health issues can also have an impact on rates; typically, the younger and healthier a person is, the cheaper the premiums to be paid. For that, we must obtain insurance as soon as possible while we are young and healthy.
- Adapt to the Situation
Before selecting insurance, it is best to first research the options available and compare one insurance package to another.
Check that the life insurance benefits given meet your demands, such as a total disability benefit that allows us, as the insured, to get the sum covered when we are no longer able to work. Furthermore, ensure that the life insurance business you select is legitimate and trustworthy.
There are two forms of life insurance in general: term life insurance and whole life insurance. Term life insurance provides coverage for a certain length of time with a fixed premium, with terms ranging from 5, 12, 15, and 20 years. As a result, the breadwinner will be safeguarded at this period.