Business to Insurances

Public awareness to purchase insurance products are often referred to is still low. This is partly due to the
allegations of the loss or the constraints that would be obtained if you buy an insurance product. Is this true?

This is what needs to be clarified. Life insurance is an important part of financial planning. However, misconceptions about life insurance can prevent people to get the benefits. Later, when there is a problem, he should have realized a long time to buy insurance. That you are not consumed gossip or hearsay about life insurance (which is not necessarily true), you should first identify the myths surrounding life insurance are the most popular.

1. People who are young and single does not need insurance
Is there a person who suffered a loss when we die? However, although we do not rely on others, we are still going to leave the credit card debt, mortgage, cash loans, until the cost of the funeral. Life insurance policy will generally cover these costs. The faster, or the younger you buy insurance, you can get a lower premium. Insurance will also ensure that costs you spend when you are having health problems later.

2. Only those who already have children who need insurance
According to Michael Bonevento, senior financial advisor at Ameriprise Financial Services, Inc.., They were married and married with children, or married with children with special needs, may have to buy liability insurance. Even so, there are many instances where the single also has insurance. When the single came from poor families were, he could leave his family insurance claims in the event of a problem for him. So, he took the insurance to make sure his family is not experiencing financial problems when he was gone.

3. If the company has been providing insurance, for what else to buy insurance?
Many companies that provide life insurance or health insurance for their employees, whose value may be equivalent to your salary a year. This may be a benefit for you, but what if you no longer work at the company? Are not you can not predict when you will experience the risks that may occur? What if you suddenly had to be hospitalized? May be too late if you have to buy insurance when it needed money for anticipated losses that may arise due to the risk.

4. Life insurance is generally too expensive
We will buy the insurance, you will be given the option to charge premiums according to your ability. Premium selected young people will necessarily be lower than those already established. Moreover, in addition to annual paid, some are premium can be paid monthly. This premium value can increase when your financial condition is getting better.

5. All the same insurance policy
His name is also the product or merchandise. Each one definitely has its advantages and disadvantages, which is manifested in the form of policy. The policy may use the same term, but the substance of what can be covered differently. So when you buy an insurance product, do not just consider price alone. Read the policy carefully given that you do not feel cheated later.

6. Housewives do not need to buy insurance
You may not have the income, but you would still have to provide the facilities needed by the family. For example, child health, food and clothing needs, home care, and so forth. When her husband died suddenly, or not able to work anymore, those needs would have to fulfill itself. Well, life insurance can guarantee your security while the couple was no longer present to meet your needs.

7. Buying insurance is complicated
It takes time to process your insurance purchase, including the approval of your proposed insurance demand. However, the current financial planner insurance agent alias already implementing proactive. That is, it is they who come to you and take care of everything. If less clear with the rights and obligations of you, you can also access it himself on his website. You can also compare yourself with other insurance products. If still not clear, you can schedule another meeting with your agent.

Source: kompas.com