INSURANCE BENEFITS FOR FAMILIES

insuranceAsuransi term life term life (futures) serves to provide protection to the insured within a certain period only. The advantages of this product is the customers get the freedom to determine premiums according to their abilities. Ideally, insurance premiums starting from Rp. 250,000 per month.

Another plus is the sum that can be obtained by the policyholder could reach billions of dollars. This means that when the insured dies while the contract period is still active, then the family of the insured will get the insurance money very much.

Meanwhile, the lack of term life insurance is the insured may lose policyholders and their insurance money if he did not have health problems and died until the contract expires. This makes a lot of insurers began to abandon this insurance product.

whole life insuranceAsuransi whole life (lifetime) is an insurance product that provides the benefits of protection up to 99 years. The best part is this insurance allows policyholders to obtain cash value and the policy that has been paid. Another added value is if the insured can not pay the premium installments regularly, they can use the cash value of premiums already paid to pay further premiums.

Kekuranganya is the insurance premium is more expensive than term life insurance premiums (can be 2-fold or even more). This is caused because the life expectancy of the people of Indonesia for men is 65 years, while a woman is 70 years old so that insurance claims before the end of protection there must be.

In addition, the cash value and the total premium that is given is not too much because the insurance rate is only 4% of it per year. The worst part, the interest will be taxed so that customers can only receive the cash value is low or even none at all.

endowmentJenis insurance latter are endowment insurance (endowment) which is a term life insurance as well as savings. This means that the policyholder can get the cash value of the insurance premium already paid and could draw the insurance policy within a certain time before the contract expires. For example, the insured needs education funds to send their children, then he can claim his life insurance policy with an insurance record is only given in a few years according to the agreement.

Disadvantages of this insurance product is fairly expensive premiums because this product has two functions. This makes this type of insurance is only interested by the upper middle class who can afford to spend millions of dollars to pay a premium per month.

For additional information, there are now manifold Unitlink life insurance is increasingly popular because of the type of life insurance has value and investment protection promise. This means that customers who buy insurance unitlink not only get a guarantee of protection, but also the value of investments with high interest annually as well as additional benefits.

These investments are managed entirely by the insurance, the policyholder just waiting for the distribution of profits alone. However, unit-linked insurance also has shortcomings where the policyholder will only get lower insurance policy if their investment fails or produces only slight gains.