This time we will specifically discuss life insurance. Do you already know what life insurance is?
Life insurance is an agreement between you as a policy holder or the insured with an insurance company as a guarantor where the insurance company will pay a nominal amount of money if there is a risk of death to the insurance policy holder.
You as an insured must pay a premium which will be useful to provide compensation for the risk of your death.
In other words, life insurance is a type of insurance that aims to bear people against unexpected financial losses, which are caused by the insured dies.
Similar to the ownership of health insurance, this life insurance can be purchased for self-interest and in the name of the insured alone or purchased for the benefit of a third person. For example, a husband can buy life insurance with his wife as an insured, or a parent can also buy life insurance with his child as an insured.
There are several types of life insurance, but before discussing about these types of life insurance, it helps you to know in advance some of the reasons that make life insurance so important to you.
Why Need to Buy Life Insurance?
1. As a Protection Against Loss of Income for the Famil
No one knows what will happen tomorrow, including you. To anticipate the possibility of being hit by a disaster and leaving your family for good, you need to buy a life insurance policy so that your family can get the sum insured to live after you leave.
2. As a Protection for the Risk of Death Due to Diseases Main Causes of Dea
Based on a survey conducted by the World Health Organization (WHO) in 2002, 10 main causes of death in Indonesia were coronary heart disease, tuberculosis, vascular abnormalities, respiratory disease, newborn disease, lung disease, traffic accidents, diabetes, blood height, and diarrhea.
These diseases are quite common, so it is important for you to have protection against the risk of contracting these diseases and dying.
3. One Way to Save or Retire Preparatio
Saving in life insurance is the best alternative choice for your long-term needs because the nature of premium payments is regular, mandatory, and not easily taken at any time.