LIFE INSURANCE: WHAT IS LIFE INSURANCE?
The development of life insurance is quite rapid, meaning that there are many who understand the importance of insurance in their financial planning, some of you may be studying after being explained the agent still needs information, this time I will discuss a little about life insurance.
In undergoing the phase of life, certainly everyone has their own
financial goals, where there can be a risk of life, namely death or
incompetence which hinders their financial goals.
The way to manage risk is used to control the level of financial risk
faced, namely:
Avoiding risk can be done by removing habits or activities that pose a
risk. For example: a man is worried about getting lung disease due to his
smoking habits, this can be avoided by stopping his smoking habit.
This method of controlling risk is done by reducing the impact of
possible losses. for example: a motorcyclist must use a helmet while driving on
the road and take care of his motorbike on a regular basis, aiming to control
possible losses.
Accept risks by maintaining existing risks. Example: A motorbike racer
may not feel the need to buy health or soul insurance because he thinks he can
bear the losses that arise in the event of an accident.
Transferring risk can be done by transferring risk from individuals to
life insurance companies. Example: A family head who is worried that if he
loses the ability to produce income due to death or accident, he can transfer
the risk by insuring himself.
Life insurance aims to reduce the impact of the risk of loss of assets
suffered by the owner or the party that is the responsibility of the asset
owner, by providing compensation for losses so that financial goals can still
be achieved.
Life insurance consists of 2 types:
Life insurance given to individuals and entities and given in the form
of a policy.
Unit link life insurance is a soul insurance that has an element of
investment.
Maybe that's a glimpse of an outline understanding of life insurance,
life insurance is needed especially for the head of the family, immediately
contact the agent in your city to get detailed information ...
