Benefits of Life Insurance 

Benefits of Life Insurance 

Additional benefits in the form of investment

Especially for unit-linked life insurance products, you not only pay premiums for insurance but also get life insurance benefits in the form of investment. Thus, the sum insured given to the heirs will be added to the investment results that you make. However, the investment benefits are only an option. If you prefer protection benefits that focus on the overall main benefit, pure life insurance will be more suitable for you.

The cheapest and easiest way to have cash

As is known, life insurance is able to provide financial benefits in large numbers if the insured is disabled or dies. For example, you subscribe to life insurance which provides a sum insured of 1 billion Rupiah. Imagine, how long did it take you to raise that amount of money? By having a life insurance policy and depositing a small premium, you will be calmer if one day there is a risk with the insured. Insurance companies will provide large amounts of cash. Of course, this is the goal of many people to subscribe to life insurance.

Pay off outstanding debts

If you apply for a large amount of debt, such as a Home Ownership Loan (KPR), you are required to have credit life insurance. This product will guarantee the repayment of the debt if God forbid something happens when the credit has not been paid off. In addition to benefiting the borrower, this product also avoids the burden of family debt.

Retirement preparation

The benefits of unit-linked and dual-purpose life insurance are able to help policyholders to accumulate pension preparation funds. You can also use the product to save, as well as get life protection. This is where it is clear that the importance of life insurance for you to have can have a big impact in the future, especially in retirement or old age.

Ensure that the target for children's education costs is achieved

Every parent is obliged to fulfill their child's education. It's just that no one knows how long parents can afford to pay for their children's education. In order to overcome unwanted risks, every parent can certainly consider life insurance products. The goal is to be able to get the sum assured from life insurance for the cost of children's education in the future. You can use educational insurance products if you want to focus more on this goal.

Make sure you can take care of your retired parents

Not only bearing children, but life insurance function is also useful to finance beloved parents. For example, when you experience a disaster or other unwanted risk. Compensation money from life insurance can be used to finance the lives of parents who have retired.

Replacing lost income

Life insurance can be used to replace lost income. The policyholder can be on guard if he experiences a disaster such as death or disability. So your family can get temporary income.

Additional insurance can cover medical treatment costs

Usually, the best life insurance products also include additional insurance benefits, for example in the form of coverage for critical illness and medical care costs. Policyholders can take advantage of this feature to complete family protection.

Growing assets

The benefits of unit-linked life insurance can serve to grow the assets of the customer's wealth. This is because the unit link has investment and disbursement features if there is no claim until the insurance period expires. But also consider the risks and functions of unit link life insurance before buying it.

Collect inheritance funds

A whole life insurance product is suitable for those of you who crave long-term savings until old age, including leaving an inheritance for posterity. This product can disburse customer premiums if there is no life insurance claim until the end of the insurance period, in addition to offering life protection.