Life Insurance is a Sign of Love for Family
Maybe many of us think, why have life insurance if we already have sufficient investment, an adequate monthly salary, children’s education funds have been allocated well, and even tertiary needs are already met. It looks like our financial condition is safe, right?
Unfortunately, recent incidents published by a number of news portals say otherwise. It was reported that a young man who worked at a well-known IT company died suddenly due to a stroke. However, if you look at his social media accounts, the man has a healthy lifestyle; He diligently consumes nutritious food, likes exercising, especially running, and even took part in marathon events in several countries around the world. Who would have thought that a deadly disease such as stroke could also attack people who are relatively young and have a healthy life?
Moreover, his death left behind his wife and two small children. With the loss of the main breadwinner in the family, it seems difficult to imagine how they will be able to support their living in the future. The story above can happen to anyone, including all of us. Don’t you want the life of your beloved family to become difficult if something unexpected happens to us? That is why we are obliged to protect ourselves with soul protection as proof of our love for our family.
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Come on, get to know what life insurance is
What is meant by life insurance? The definition of life insurance is a protection program for the family if undesirable things happen, such as death, to the insurance policy holder. Yes, as in the example above, life protection is intended to provide financial security and definite protection for the family left behind if the insured dies.
Simply put, we as insured are obliged to pay a certain amount of premium regularly. Later, when we die, the insurance company will give the money as Sum Insured (UP) to the family left behind as stated in the contract agreement.
Unfortunately, Indonesian people’s awareness of having protection in the form of life protection still tends to be low. Research data collected in the Manulife Investor Sentiment Index 11 in 2017 shows that only 1% consider having life protection as a priority.
So, what must be prepared before having life protection?
1. Set aside a budget
It’s not easy to allocate funds every month for things that we can’t enjoy right now. For this reason, embed the proverb “get sick first, have fun later” in our minds. Understand that the money we save now will be very useful for our family in the future. Ideally, set aside 10-20% of your monthly income for a special allocation post to pay life insurance premiums.
2. Have insurance while healthy
Each insurance company has special provisions for prospective insurance buyers. One of the most common is the health condition of the prospective policy owner. Even health conditions can also influence the premium costs that must be paid, usually the younger and healthier a person is, the lower the premium that must be paid. For this reason, immediately have insurance while we are young and healthy.
3. Adjust to your needs
Before choosing insurance, it would be a good idea to first study what products are offered and compare one insurance product with another. Make sure the life insurance benefits offered suit your needs, for example total disability benefits which allow us as the insured to get insurance money when we are no longer able to work. Apart from that, make sure the life insurance company you choose is a credible and trustworthy company.
In general, there are two types of life insurance, namely term life insurance and whole life insurance . Term Life Insurance provides protection for a certain period of time with a fixed premium, starting from 5, 12, 15 and 20 years. So, during this period, the breadwinner will be protected. There are 3 (three) term protection products from Manulife that you can try: Term Saving Protection , Compensation Jiwa Protection , and Manulife Persona Guard .
Meanwhile, for Whole Life Insurance , this type of protection provides protection up to age 99 and is accompanied by cash value. This cash value is the right of the policy holder and can be withdrawn. There is 1 (one) type of lifetime protection product from Manulife, namely: Manulife Essential Assurance .
In closing, having life protection is a guarantee that must be had by the main breadwinner. Come on, it’s time to quickly get a life insurance product to protect your beloved family. Never assume that life protection is a tertiary need. Make life protection a primary need that can provide certainty for the family’s survival in the future. In short, prepare an umbrella before it rains, prepare the best protection for the future of your beloved family.