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Choosing Life Insurance

Making a living today is a matter that many people are starting to pay attention to. With the factors of society and living conditions of human nature being shorter Life insurance is an option to prevent unexpected situations. And as a guarantee for those behind him, whether they are wives, children, or close ones, etc.

But many people are still wondering what type of life insurance they should choose to suit themselves. Which, when choosing to buy life insurance, must look at many factors as components And suit yourself Which can be divided as follows



Life insurance Low insurance premium
If the insurance buyer has to take risks or travel often Should choose the term life insurance (Term Insurance), the highlight of this type of insurance is that the insurance company will pay in the event that the insured died within the contract period. By remembering to pay indemnity to those who receive the benefits specified in the life insurance policy But in the event that the contract has expired The insured are still alive. The insured will not receive any money back from the insurance company. The duration of the contract may be specified in years. Depending on the risk, such as 1 year, 5 years, 10 years, 20 years or the age limit of the insured, such as coverage until the insured reaches 60 years etc.

Another outstanding feature is that people with debt should get this type of insurance. By providing money or benefits received to cover the amount of debt Because if the insured dies The money received from the insurance company will help repay those debts. Periodic life insurance is considered insurance for family or loved ones. In the event that you leave, you will receive a lump sum money for the people behind to not have to suffer much to carry a burden.

Family insurance
In the event that the buyer wants to buy life insurance is the pillar of the family Should choose life insurance (Whole life insurance), which this type of insurance provides only life insurance for the insured. The type of insurance is the same as periodic life insurance. But the coverage will last for the life of the insured, meaning that if the insured dies at any time Insurance companies will pay money or benefits equal to the sum insured to the beneficiary.

Savings or cumulative insurance
For those who like saving and increasing coverage too Should choose Endowment Insurance, similar to a deposit. This type of life insurance is the most popular. Because the insurance company will pay or benefit, even if the insured lives until the end of the contract And in the event that the insured dies before the contract expires In which if the insured lives until the end of the contract The lump sum returned is like a savings that the insurance buyer has collected. But if the insured dies within the contract period The insurance company will pay the beneficiary.

The most important thing for Choosing life insurance, it must be considered for what purpose. Since life insurance currently has many forms Which has different conditions and life protection Studying the details of each type of insurance is important. In order to be able to choose the insurance plan that suits you.

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