OnlyTheBestChoice – With the higher lifestyle and economic level that has been achieved, public awareness of the importance of insurance in protecting family finances is increasing. Along with increasing public awareness of it, and the number of life insurance companies today, various considerations in choosing insurance are also increasing.
But some of you may also have difficulty on how to choose the right life insurance. Here are some considerations you can take before choosing life insurance for you and your family
- Customize To Your Needs
Just like buying an item in general, getting to know and make sure what kind of product you are going to buy becomes the main thing that you should know first. Some insurance companies will usually offer you more than one product, therefore choose a product that suits your needs, abilities, and financial goals. What risks will be insured. For example, the cost of a child’s education, the guarantee of old age or a critical illness that may be possible. Learn and compare one insurance product with another, and adjust it to your needs.
The other important thing is to adjust your budget so as not to interfere with the budget for other needs. Choose pure health insurance whose premiums are relatively lower than insurance plus investment, if you need complete health insurance benefits but have a limited budget. Create a monthly budget to pay for your life insurance. In theory of financial prencanaan, the ideal way is to allocate income or income between 10%-20% for insurance.
- Credibility of The Insurance Company You Choose
Insurance is a long-term agreement. Therefore the credibility of the insurance company you choose, is also a very important thing. Choose an insurance company that has no problems in terms of its financial management. Monitoring the progress and performance or management is one of the ways that can be done. Make sure that the insurance company you choose isn’t a problem. You can view his financial statements through newspapers, or other mass media. See ratings and ratings. Pay attention to RBC (Risk Based Capital) of the company, whether it is in accordance with the government’s provisions of at least 120%. Get to know the ins and outs of the company you’ll choose.
Choose insurance companies that offer extra maids. Like having 24-hour customer service. This will certainly help you later, if you need information about life insurance product details whenever you need. Also know how the claim procedure is used. Starting from the terms up to how long your claim will be paid later. Whether the company cooperates with the hospital, making it easier for customers to make claims, without paying in advance. because otherwise, it will trouble you later.
- Do It While You’re Healthy
Each insurance company has different criteria in terms of the health condition of their prospective insurance buyers. Some even refuse to apply for insurance provided by prospective clients if they feel they do not meet their requirements. Therefore it is good if you buy insurance while you are healthy, this of course affects the premiums paid. If in good health, the premium paid will be minimal compared to if you buy it when you are sick. Do it as early as possible, while you’re healthy.
Consider Carefully And Intelligently
Many things can be your consideration in choosing the best insurance. But consider everything carefully, don’t be shy about asking in detail everything you don’t understand. Consider the various advantages and disadvantages of the insurance you choose. Because the nature of insurance is a long-term agreement then choose wisely and according to your needs, so as not to regret it later in the future. One more thing, make sure the insurance you choose not only protects you but also protects your family. [red/*]