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Life insurance serves as a protection if the insured dies. For example, if I was insured of a life insurance product and die tomorrow, then the insurance company will give the sum assured to the people I left behind.

The goal of taking the life insurance is to cover the potential loss of revenue. If I as a breadwinner die, the family that I leave behind will lose a source of income. If I follow the life insurance program, then the family I leave behind will get the sum assured that can be used as a substitute for the lost revenue, at least temporarily.

Actually the rules of choosing life insurance products are not much different than choosing other products:

• Do not buy life insurance if it is not necessary; and
• If you need life insurance, buy life insurance that provides adequate protection.

From my brief survey to several friends and family members, you could say that none of those who take life insurance in accordance with the rules above. Most of them buy life insurance when not needed, and not take life insurance with an adequate sum insured if necessary. It gives us a picture about how they underestimate life insurance. Yet, for some people who can see far to the future, life insurance is really important.

Through life insurance, you can accumulate funds that can later be filled the needs
Various unexpected events experienced by some people around us often cause psychological effects serious enough for people close to them. For example, a father who belong to productive age suddenly died. In fact, have either not get life insurance protection, both individually and corporate. Her children were not included in insurance education programs. The wife is a housewife and she relied on income solely from the husband’s salary.

This unfortunate incident to make his wife and children lost their beloved figure highly. The departure of the father leaving the financial burden to be borne by the family, namely his wife and children. In fact, the basic needs of families must still be met, and the children still need support substantial funds to complete the study.

The illustration should be open awareness among people about the importance of protecting themselves from an early age with life insurance products. Preparation of the initial family is very important to avoid the risk of unforeseen events in the future. Within this context, life insurance can serve as an ideal solution, which provides maximum protection while providing savings schemes in it.

Through life insurance, you can accumulate funds in order to later be used to meet your needs. At the same time, you also get protection in case of calamity that makes your financial needs have increased, and was not included in previous budget your expenses. Related to this, I will describe some of the choices for your life insurance policy.

Where are your options?
Essentially, life insurance products are divided into four categories, namely (1) Periodic Insurance, (2) Whole Life Insurance, (3) Insurance Endowment, (4) Unit Link Insurance.

First, the Insurance Newsletter. This product allows for you to receive protection / protection for a certain period. In practical terms, the benefits of protection will only be paid to you or your family if you die or suffer permanent disability during the coverage period.

Periodic insurance does not provide the cash value at the end of the contract. This policy also will not generate the cash value for you if your policy void in the middle of the road. Nonetheless, the magnitude of the premium you pay for insurance Periodic relatively cheaper compared to other types of insurance policies.

Second, Whole Life Insurance. Programs of this type of life insurance provides lifelong protection or protection, as long as you keep paying premiums. In practical terms, the family as the beneficiary will receive payment of the sum insured benefits, including bonuses if any, when you die or suffer permanent disability

Third, Insurance Endowment. This program is a combination of protection or protection with savings over the term of validity of insurance policy. In practical terms, the benefits of sum assured and bonus if any, will be paid to you at the end of the contract. Or, you and your family can get it when you die or suffer permanent disability.

What happens if you stay healthy at the time the policy matures? You will receive financial compensation from the insurance benefit. Endowment insurance can be useful for you to save a variety of needs, such as saving for your children’s education and retirement savings.

Fourth, Unit Link Insurance. In Life Insurance program that is associated with investments (Unit Linked), insurance premiums you pay will be used to provide protection / protection, and at the same time these funds will be invested in a number of investment units of your choice. You can choose an investment fund so that you can control your funds better. Consequently, your profits depend on the choices of investment funds.

Essentially, all types of life insurance programs are equally benefit protection for you. As far as where you see the urgency to get one of these programs, it all depends on the priority needs that you face today and plan fulfillment in the future.

You should choose an insurance product that matches the type of protection you need. For example, you need protection against the risk of financial need due to various risks, including death, hospitalization, or permanent disability. At the same time, the level of your tolerance for risk, your goal of saving and investing, as well as the investment horizon also determine the period of insurance program that works for you.

Concretely, in order to determine the choice of life insurance products to suit your needs, you should consult a life insurance agent. They will serve you and provide the best solution for you.

Insurance is one component that must be owned by someone in financial planning. Because someone is going through unfortunate at times like illness, critical illness, accident, disability or died, then the insurance is to be able to provide financial solutions to people he loves. In order to get the benefits of insurance can be enjoyed (read: easy to claim and be paid) there are things we need to know, namely:
1) Honesty
In this case the Prospective customers should provide correct information, data concerning the prospective customer in filling out the form Submission of Soul Asuaransi. Among the customer’s height and weight, medical history that ever happened to the prospective customer before submitting / opening account insurance.

Once the prospective customer to provide true it is, then the Agent must write down and transmit the information to the insurance company properly (as informed by the prospective customer)

From this information, then the insurers will make the selection process, whether the prospective customer so the customer can instantly accepted, whether to do medical first (cost free), whether there will be exceptions. The results of the selection process will be delivered to customers, through the agent. For that honesty is an absolute must.

2) Investment
Insurance is an investment for the long term, not short term (1 or 2 years). So if you expect the investment will be growth in a short time, my advice is you should not invest in the Insurance (eg unit-linked). Because here for the long-term investments (7 years or be 10 years or older). Of this investment should never be touched, unless there are things that are important, and if want to take it (before 10 years), it is advisable to take funds only as needed.

Investment returns are uncertain in nature, meaning that could have been greater than the illustration / proposal submitted by the agent to the customer, could also be the same or smaller than the illustration / proposal. But as a prospective customer, you can see the investment performance of previous years. And this could be your consideration.

If any agent / firm that promises investment returns are definitely a percentage, is certain agent / company is lying to you. The results are certainly not the investment, but the benefits of protection. Protection benefits are sure that you will get, according to the insurance contract (Example: If undergoing inpatient care will receive compensation 1,000,000 per day then every time any customer undergoing inpatient hospital costs, you as a customer will receive compensation amounting to Rp 1,000,000 .- x day duration of treatment).

3) Payment of Premiums
Premium payments must be made on time so that the policy / account always inforce insurance (coverage is still running), or at least be paid at the latest before the grace period expires. If payment is not made, a meal will occur lapse (Policy Cancel), as a result, then what happens when the risk of insurance companies will not cover or provide protection. And for the facilities provided on leave the Prudential premiums starting in the 3rd. The premium is on leave for the time period in which the stop saving / paying premiums within a certain time period. And during this time off there is a risk premium, then the FIXED Prudential will provide appropriate compensation in the insurance contract.

4) Filing Claims
You submit claims as soon as possible and complete the data / requirements that are required in filing the claim. Before the Customer to make a claim, it is better researched in advance what the insurance products listed on the existing policy. It is necessary, because any insurance product sold has different benefits. An example is if the purchase was just an accident insurance product, which when the insured dies due to an accident will be given an amount of money stated in the policy. An insured who died not because of an accident (eg due to illness), then the insurer will not pay anything to the heirs of the insured. If it is an insurance product purchased can be claimed, it means the insurance benefits listed on the policy in accordance with the claims filed, whether the claim death, disability, sickness and so forth.

Then, if the policy is still inforce meaning that coverage is still running until the insured dies? If it is her policy had expired when the insured dies, then the claim may not be filed. Or if it filed a claim, the claim will be rejected by insurance companies. When final payment is made can be checked prior to the office of the insurance company concerned. We can continue the process, if the policy is still inforce.

Next is to examine more closely the existing policy. In every policy there must be rules of how to make a claim and what files are needed. If it is not clear, we can contact the Agent / insurance company. And we can ask how long it takes to process claims payments begin when the necessary paperwork has been completed and accepted by insurance companies. Each insurance company has different procedures in the handling of claims, ranging from the procedures and processes required duration. We can ask for more details on the claim.

Once all the necessary files are complete, customers can come to the office designated insurance, for example in the branch office where we bought the insurance product or other offices designated by the insurance company.

For Prudential’s customers filing claims will be assisted by Agent. So if anything else matters relating to insurance policies that you immediately contact your Agent. It is because the task of one agent is providing the best service to our customers.

5) Reputation Service
Let you check to several hospitals, where the service is good insurance, from there you’ll get answers that can be justified. For the Yogyakarta area If you ask to Hospital as RS Panti Rapih, Bethesda, PKU Muhammadiyah, Sardjito, Jih “where the ministry Insurance GOOD” answers one of them there is always the name PRUDENTIAL. Always Listening Always Understanding.
Assessing the financial reputation is to assess the company’s financial statements could you ask for or you see in print or in electronic media. Assess how much the company’s capital strength compared to other companies. Also how good value the cash flows of the company. In the world of insurance, it is known the term of RBC or Risk Based Capital. This is a way to assess the health of your insurance company.
Choose RBC Insurance Company that has 120 percent or more. If you are confused what it is RBC, RBC enough just ask how much your insurance company to your insurance agent. If more than 120 percent, it means good. Less than that, better find another.

6) Read and Understand Your Policy Contents
Usually after you have received so insurance customers, a short time later you will get an insurance policy as a contract. Customers are given the opportunity to study the policy in a specific time period. And in studying the policy could dissuade customers as a customer by way of return policy and money back guarantee.

If within the policy there are things that are less understood, ask the agent to assist in understanding the content of the policy.

7) Be careful with the Agent that gives discounts to you.
Service / services must also be discounted by the Agent which offer a discount. Ga you want it, have a service agent with a half-half. So, do not easily seduced by flattery Agent that gives you a discount. Let us eradicate Agent “Naughty”.

1. Know your needs. Before deciding which insurance is selected, you should identify your needs. Do you need life insurance, health, pension, or all three. If you have been married or have dependents, then you should have life and health insurance. There are two health insurance options, namely the public health insurance, dependents of all kinds of diseases, including delivery fees and medical tests. But, he did not bear a variety of specific diseases, such as breast cancer, cervix and so on. If you are familiar with the pattern hisup healthy, and no family history who had suffered from breast cancer, and the like, you should select a general health insurance. But if in your family have ever had breast cancer, uterus or the like, there’s nothing wrong if you just in case. If in office, you are already insured, the insurance should you have one more outside the office. Look for different benefits, so they can complement each other.

2. The amount of premium. To become a member of the insurance, you have to pay a sum of money called a premium to the insurance company. In addition to dollars, premiums can also be paid by US dollar. That way, the benefits you can get in rupiah or dollars. The amount of premium will determine the cost of coverage you will receive. The larger the premium, the higher the value of coverage is. Premiums paid not only once a year, but also there could be repaid, for example two or three times a year. Even the current trends, some of the insurance premium payments are applied regularly every month to offer auto debit facility savings (of course the insurance company has teamed up with a bank). Take the premium according to your ability. Do not force yourself to take a big premium for insurance basically anticipatory in nature only. Keep the amount of premiums not more than 10% of your income.

3. Cheap Young Makin Makin. Age and risk affects the size of the amount of premiums to be paid, even though insurance program that you take the same. The younger the age you are, the smaller the cost of premiums. The size of the premium is also seen from the small risk of disease. Those who are at high risk, of course premium is larger than they are healthy. To detect this, insurance companies will require you to undergo medical tests prior before.