In the individual financial management is good, complementary protection requirements including major steps. But, make no mistake in choosing an insurance product, let me not regret later on.
Various risks surrounding our lives from time to time. Health risks, the risk of accidents, the risk of loss of property, and other arguably always there. Obviously, a bit difficult to eliminate the risks were fully in our lives.
But, that does not mean the risks we can not manage. The existence of insurance products as a risk transfer scheme to a third party you can use. Their purpose, when there is a risk, you can minimize the financial losses.
In the individual financial management is good, complementary protection requirements including major steps. There are two minimum protection requirements that must be met somebody: health insurance and life insurance. Life insurance is mandatory met if you're the main breadwinner or have dependents soul.
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| Guide to Choosing the Right Insurance Products |
1. GENERAL LIFE INSURANCE
Life insurance provides a number of funds to a designated person if there is the risk of death of the insured.
2. GENERAL INSURANCE
This insurance is commonly referred to as insurance. The scheme, general insurance provides some funds if there is the risk of loss or damage to goods covered. Thus, the object of protection is to objects or goods.
As already understand the types and benefits of an insurance product, it will be easier to determine which insurance products are most appropriate for your needs. Therefore, different types of insurance will also vary approaches used to measure the accuracy of the product to someone.
RIGHT TIME
Insurance is basically a risk transfer schemes that exist in a person or an object to a third party, namely the insurance companies. To obtain this protection, a person must pay a fee or premium to the insurance company. Because you are buying is the protection of a risk.
For example, life insurance products are needed to be purchased when you have an income and dependents soul. Dependents soul that is, when there is a risk of death, there are those who disturbed risky financial needs such as child and wife.
Continues, the more important factor is that we consider when buying insurance? Large premium costs or benefits alias sum? Both these factors are equally important. As a result, you need to adjust the burden of premium payments corresponding financial capacity, so that the insurance requirement does not undermine the balance of the bag.
Here are the main things you need to consider in buying insurance:
1. NEEDS
What are the main needs? A wage earner who has a soul more dependents need life insurance than children who were teens. First, calculate the needs of insurance money that you need. There are many approaches to calculating the sum.
Thus, when the breadwinner dies or can no longer work because of permanent disability, the family assumed they can survive for at least five years without income earner.
In addition to life insurance for the breadwinner, also make sure the family's health insurance needs to be met. When the life and health insurance already covered, you should not forget to protect the assets of treasures that have high economic value, such as homes and vehicles.
2. TYPES OF PROTECTION
After knowing the insurance needs, it's time to detail the type of dependents combing offered an insurance product. For this type of life insurance, for example, in addition to providing protection for the risk of death, whether the product can also be equipped with an attachment or any other rider? For example, waiver of premium that allows time off in the middle of coverage premiums when you are exposed to the risk of illness or disability in a long time.
Likewise fatherly health insurance. Any disease that is covered and not covered by the product? Is there a limited underwriting limit every year or restriction of any disease? Is this insurance protects also when you seek treatment abroad? Etc.
3. AMOUNT OF PREMIUMS
The next step, considering the burden of the premium. Some financial planners charge a load restriction members premium of approximately 10% of monthly income. Allocations as it covers the needs of all premiums, from life insurance premiums, health, and property.
4. PAYMENT
The method of payment of insurance premiums is also important to be seen. Whether payment can be monthly, quarterly, every semester, annual or could at once in front of? Technical payments also need your attention. Choosing insurance products with the most practical payment system is certainly better for you. For example, simply by Oto debit account without the need to go to a branch office of the insurance company.
5. CLAIMS PROCESS
The easier the benefits of an insurance product accessible, the more attractive the product is to be considered. For example, for health insurance products, whether cashless or reimbursement system wear? The cashless system might more appropriately be an option because you do not need to bother to set aside when suddenly ill and had to go to the hospital for hospitalization. While the usual reimbursement system is widely used in various health insurance products daily compensation.
Similarly for life insurance products. Make sure you and your family who are the beneficiaries alike fully understand the claims process. Indeed, when the risk occurs, the family you leave behind no trouble getting their rights.
Better not make biological children were not a competent law as heir. Mistakes are often made by policy holders is to make the child who is not the competent law as heirs of life insurance. As a result, when the risk of death, the heirs can not receive compensation sum insured up to the legal age or have to wait capable of guardianship.
So you not to select, in order not to regret in the future.
