In the beginning , I want to reiterate that I choose Life Insurance Term Life , or often referred to as pure life insurance . Why ? The reason is simple . Low premiums with coverage that fits your needs protection . If there is cheap , why should that expensive .
If you want to know more detail , why it's better choosing term insurance - life , can read the source - the following sources :
Blog Ligwina Hananto financial planner ( www.qmfinancial.com ) . His article describes the advantages of term- life insurance than others . The explanation is simple , " to the point " and very sensible .
The book " Do not Buy Link Unit ... " by Freddy Pieloor . This book dissects unit-linked ( UL ) using real examples from various policy UL several leading insurance companies . Mr. Freddy never become an insurance agent . As the insider , he presents a detailed and insightful explanations .
After reading sources - sources above and compare with an explanation and propaganda of agents who offer other products , you can decide for yourself . Need life insurance term- life , like me , or choose another type of life insurance . That 's your decision .
Message me one .
Whatever the choice , do it with consideration and careful thought . Do not just choose . Do not buy because of a bad taste or pity . Embarrassed by his agent , tired of being questioned and chased - chased at every opportunity . Purchase with confidence that the selected insurance is the most suitable and necessary .
Life insurance is purchased in order to protect the future of children and families . If one chose , those who will be affected .
Back to term insurance - life .
My experience looking for term insurance - life , difficult - difficult easy . Why, why be difficult ? Instead agents are usually very aggressively looking for potential buyers .
Well , because the term- life premiums are relatively small , a few insurance companies that want to sell . Even some companies have started to eliminate these products from their portfolio .
Not only that. In a meeting with several agents , I feel the term - life insurance is not a priority for the products offered . If not asked , the agent does not offer term- life . Precisely other products , the premiums are more expensive, more aggressive sale. Imagine , if prospective buyers about the blind about insurance and only rely on the instructions of agents , we can be sure he will not know the term- life .
Initially , I ask - ask , why be like this . Oh , it turns out , the commission agent is determined from the value of the premium . Hence , a logical consequence , the term - life is smaller premiums , not in order of priority offers . Other products with higher premiums , so the fatter commission , always presented first. Although , maybe, the term - life is actually the most suitable for prospective customers .
So , when intending to buy term - life , need to be ready mentally for the more chatty ask the agent . Do not let go . Ask from the beginning to the agent , before bombarded with other products , if the insurance company has a product term - life . Be patient and do not give up easily when looking for it .
Characteristics Term - Life
I 've offered a life insurance claim as a term - life . In fact , after further investigation , it is not a term insurance - life . How to make sure insurance including term - life ? At a minimum, the following characteristics need to be owned .
First , a limited coverage period , which is protection only applies for a certain period . Most short 1 yr , while most can be 20 yrs old . The term of protection is free to choose , depending on needs .
Insurance that provides protection for life , or until 99 years old , definitely not the term - life . This type of insurance is called whole life .
Liability period becomes important . Limited coverage period lowers the price of premiums . The longer , the more expensive the premiums . Maknya , term insurance premiums - life is cheaper than whole life .
Anyway , what needs to be insured until the age of 99 years ? Average - average life expectancy (life expectancy ) in Indonesia ranged in age from 65 years . Not until the age of 99 years most of the deceased . After all , if it was endowed with the age above 65 to 99 years , children who become insured can certainly have no need to live independently so that the cost of the old strut again . For what had insurance with the coverage during this period , which consequently had to pay a higher premium .
Second , the critical , life - term no cash value . The cash value is dikembalikkan money when there is no claim . No cash value , meaning premiums forfeited . There is no refund of premium in the term - life .
This is what distinguishes the term life whole life and UL which both provide cash value . Policy owner is entitled to get back the cash value if no claim TSB or cash value can be used as collateral for a loan payment of premiums .
Again - again about the price . With no cash value , the price premium term insurance - life insurance be cheaper than other types . The cash value is not free but there is a price . That is , the more expensive premiums .
So , if one is reluctant to take term life , by reason of scorching of the premiums , needs to be asked whether a more expensive premium price instead of the same, or even greater , compared with no return of the premiums . Premiums did not return but compensation premium rates to be cheaper .
Third , the amount of term insurance premiums - life can be the same for a certain period ( eg, five years ) after the rising , or rising steadily every year . For example , the first five years , the premium paid in 1.5juta flats per year , then entered the sixth year rose to 2 million flats again until the 10th year onwards . Meanwhile , the other , the first year premium 1 million , two -year rise 1.1juta , rose again the third year 1.2juta and so on .
Type premiums change every year imposes a first -year premiums are cheaper than the premium flats . While this type of premium flats , the larger the initial premium , but the premium does not change during a certain period .
I chose the premium go up each year , instead of the flat . An increase in salary each year is expected to neutralize the increase in premiums each year as well . Thus , although the premiums go up , but a percentage of salary , payment of premium has not changed .
Thus about term insurance - life . Can ponder and consider , before buying life insurance .
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