Benefits of Life Insurance
Life insurance is one of the best-selling insurance products and is not inferior to health insurance benefits
1. Life insurance benefits as protection from the risk of death
The most important benefit of life insurance is that it can protect the insured from various forms of disaster the risk that may occur in the future. For example, the head of the family dies due to an accident or any cause that causes loss of livelihood. By having insurance, which is also known as death insurance, the insurance company will pay a sum of money if an accident occurs in accordance with the applicable policy.
2. Compensation benefits for permanent total disability or partial disability
The best life insurance products are able to provide insurance benefits in the form of protection from the risk of partial or total permanent disability, in addition to protection from the risk of death. The insurer or the life insurance company will pay the insurance benefit (amounting to 100% of the sum insured or according to the agreed policy) and then the insurance will end if the insured experiences total permanent disability due to an accident. Generally, the amount of coverage will be provided with a lump-sum payment system.
3. Ensure the survival of the family or heirs
Life insurance plays an important role in ensuring the survival of other family members if the head of the family no longer has a livelihood. This benefit certainly helps provide certainty in preparing for your and your family's future, such as children's education and family life financially in a more protected future. By having life insurance, it means that you are protecting your family and loved ones from the risk of financial loss and freeing your heirs from burdens that can be difficult. So the benefits of jini insurance are to maintain the continuity of family property.
4. Help manage finances well
Life insurance is an important component of healthy family financial planning. By having it, life insurance benefits work as a protector of financial conditions that become more stable despite unexpected risks in the future. In addition, indirectly, you will be forced to commit to leaving a small amount of income in order to pay for life insurance in a disciplined manner. Therefore, you will be more efficient and wise in managing your income and expenses.
5. Manage money properly
Another benefit of life insurance is that it helps you allocate funds for the future. If your lifestyle tends to be extravagant, life insurance can help you save and set aside some of your income to pay insurance premiums on a regular basis. Of course, this is more useful because you can get insurance benefits to prevent various financial losses in the future.
6. Preventing big losses
If translated as derivatives, other financial-related life insurance benefits are to prevent even greater losses, aka minimize risk. Insurance will act as an insurer for losses that occur with the amount of money that will be given in accordance with the agreed policy. This means that you and your family do not have to worry about your financial condition if you are critically ill because you can focus more on healing physical losses.
7. Life insurance benefits that give a sense of calm and security
We all know that nothing is certain in this world, including illness or death that cannot be predicted when it will occur. Therefore, having life insurance is tantamount to preparing countermeasures for all possibilities that may occur. In the end, you can feel more calm and secure because there is life insurance that can cover financial losses. This life insurance benefit can be likened to an emergency fund if the family's backbone is no longer able to support it financially.
8. Additional benefits in the form of investment
Especially for unit-linked life insurance products, you not only pay premiums for insurance but also get life insurance benefits in the form of investment. Thus, the sum insured given to the heirs will be added to the investment results that you make. However, the investment benefits are only an option. If you prefer protection benefits that focus on the overall main benefit, pure life insurance will be more suitable for you.
9. The cheapest and easiest way to have cash
As is known, life insurance is able to provide financial benefits in large numbers if the insured is disabled or dies. For example, you subscribe to life insurance which provides a sum insured of 1 billion Rupiah. Imagine, how long did it take you to raise that amount of money? By having a life insurance policy and depositing a small premium, you will be calmer if a risk occurs with the insured. Insurance companies will provide large amounts of cash. Of course, this is the goal of many people to subscribe to life insurance.
10. Pay off unpaid debts
If you apply for a large amount of debt, such as a Home Ownership Loan (KPR), you are required to have credit life insurance. This product will guarantee the repayment of the debt if God forbid something happens when the credit has not been paid off. In addition to benefiting the borrower, this product also avoids the burden of family debt.
11. Retirement preparation
The benefits of unit-linked and dual-purpose life insurance are able to help policyholders to accumulate pension preparation funds. You can also use the product to save, as well as get life protection. This is where it is clear that the importance of life insurance for you to have can have a big impact in the future, especially in retirement or old age.
12. Ensure that the target for children's education costs is achieved
Every parent is obliged to fulfill their child's education. It's just that no one knows how long parents can afford to pay for their children's education. In order to overcome unwanted risks, every parent can certainly consider life insurance products. The goal is to be able to get the sum assured from life insurance for the cost of children's education in the future. You can use educational insurance products if you want to focus more on this goal.
13. Make sure you can take care of your retired parents
Not only bear children, life insurance function is also useful to finance beloved parents. For example, when you experience a disaster or other unwanted risk. Compensation money from life insurance can be used to finance the lives of parents who have retired.
14. Replacing lost income
Life insurance can be used to replace lost income. The policyholder can be on guard if he experiences a disaster such as death or disability. So your family can get temporary income.
15. Additional insurance can cover medical treatment costs
Usually, the best life insurance products also include additional insurance benefits, for example in the form of coverage for critical illness and medical care costs. Policyholders can take advantage of this feature to complete family protection.
16. Growing assets
The benefits of unit-linked life insurance can serve to grow the assets of the customer's wealth. The reason is that the unit link has investment and disbursement features if there is no claim until the insurance period expires. But also consider the risks and functions of unit link life insurance before buying it.
17. Collect inheritance funds dana
The whole life insurance product is suitable for those of you who crave long-term savings until old age, including leaving an inheritance for posterity? This product can disburse customer premiums if there is no life insurance claim until the end of the insurance period, in addition to offering life protection.
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