Importance of Having Life Insurance.Life insurance is very important for families. This is because life insurance is a protection for the family if one day there is a bad possibility that may occur which causes the loss of someone’s life. These are the various importance of life insurance that my Klikasuransiku friend must understand.
The Importance of Having Life Insurance
For those of you who don’t have life insurance, you need to consider this. Because judging from the benefits that exist, it will be very helpful later in the future. Because it is a financial protection for class families, of course, having life insurance will be very important. Here are some important points of life insurance:
1. Insurance in lieu of income _ _
Life insurance is protection for the family left behind in case something bad might happen. Here insurance acts as a substitute for income after the individual dies. This means that later if that happens later the family left behind will get compensation from the insurance paid.
2. Insurance as a Means of Financial and Other Financial Financing _ _
Death can come at any time and cannot be planned. Therefore it is important for someone to have insurance if one day the individual dies and has dependents or motorbike loans, cars, credit card debt and others.
The money from the life insurance policy can be used by the surviving family to pay off these financial obligations. Without insurance, maybe the family will have difficulty with the dependents left behind and again if there are not a few dependents.
3. Insurance as Final Cost Coverage _ _ _ _
Funerals also have no small fee. With a life insurance policy, of course, it can help families with financing related to a series of funeral processes.
4. Insurance Can Be Purchased at Low Rates _ _
Individuals can buy insurance at a low cost at a young and healthy age. This is because when buying insurance it will also be adjusted to one’s needs and conditions. For example, if an individual buys insurance in their 30s , the costs are also relatively large compared to someone who buys it in their 20s. This is due to thinking about the risks that might occur and also the health condition of a person due to increasing age.
When is the Right Time to Buy Life Insurance?
Before deciding to buy life insurance, one needs to know the types of life insurance that exist. Life insurance has several types that can be purchased and adjusted to existing needs. Most types of life insurance are also determined by a person’s health.
Therefore it is also not uncommon if before choosing the type of life insurance a person will carry out a medical examination to determine their general level of health. This is because the results of the inspection will also be used to determine the amount of premium to be paid. For someone at a young age, of course, you can get a relatively lower premium.
So in conclusion, the best time to buy life insurance is when you are young and productive. This is because the amount of premium you pay can be lower and protection against future risks can be more mature.
So, those are some of the important benefits of life insurance as protection for yourself and your family. It is important to have life insurance and it would be better if you prepare it from a young age, considering that your body is still healthy and your dependents, you will have the opportunity to get relatively lower premium payments. So, make sure you protect yourself with life insurance!
