4 Types of Life Insurance are Important You Should Know
A lot of people say if life and risk are two things that can not be separated. It is not completely wrong because in doing daily activities there are many risks that may occur such as the risk of an accident or death.
Two of those risks will certainly bring unpleasant impact on Your family first. In order not to give the burden on others, protect yourself with life insurance is the wisest step that you can take.
Life insurance is an insurance product that would provide protection to you as the insured or policyholder. With an agreement that's been done before, this type of insurance will provide some funds on heirs who had been appointed in case of risk of death on policyholders.
With the benefit of life insurance will certainly very useful for those of you who have a high risk job first, a backbone of the family. Not only is it the benefits of life insurance can also serve as investment in old age.
While it's not just one, it turns out there are several different types of life insurance that can be chosen according to your needs and your desires. What's it? More explanation here:
Whole Life Insurance
The first type of life insurance is whole life insurance. If follow this type of insurance then policyholders will be offered protection for life or until 99-100 years of age. Insurance, known as whole life insurance also has a savings element which policyholders can get the cash value of the premiums already given. But keep in mind that this one has a type of insurance premiums are more expensive than other types of life insurance.
Life Insurance Futures
True to its name, futures or term life insurance life insurance is insurance that will provide protection in a certain period of time which is already specified. Contact insurance futures typically 5, 10, or 20 years. For those of you who want to invest for the family but only have limited funds, so this type of insurance is perfect because it has chosen a relatively cheaper premiums.
But keep in mind, this insurance has a deficiency where the premiums already paid could have been charred and cannot be taken if the owner's contract until the end of the policy do not have health problems or died.
Life Insurance Dwiguna
Other types of life insurance that has great benefits are life insurance dwiguna. The holder of this insurance most are parents who like to invest at the same time setting up a Fund for children. Not without reason, policyholders can get Premium value over a specific period such as three or five years so that the money can be simultaneously used for education costs. Even if you have insurance benefits which seems to combine life insurance and insurance education, be aware if this insurance has a greater premium than other types.
Life Insurance Unit Links
If most life insurance only provides protection over the risk of the death of the holder of the polisnya, then a different case with life insurance link units. In addition to providing protection on the insured, insurance cover can also function as an investment. Benefits of life insurance policy owner is link units can get interest from the investment already undertaken by the company. Nevertheless, it should be noted that there is the possibility of a loss that can be experienced by the policy owner if not run investment yields.