When to need life insurance
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| When to need life insurance |
While you can't tell exactly when or how your life will end, you should be able to prepare for all the possibilities, while helping to protect the people you love.
Having the right life insurance can give you peace of mind. Because, you believe that the people you care about can have good financial support after you have died.
Life insurance can help you in all ages :
20s
Why you need life insurance as you enter your 20s. Indeed, you are young and healthy. However, you may already have some serious financial responsibilities. By the time you enter the college period, you may have a loan to immediately be paid off, you need to pay the contract or cost, or maybe already planning on owning a private vehicle.
Unfortunately, a lot of young generations in this age are included in the sandwich generation. When they started earning their first income after graduating from college, in the meantime they had to start to support their parents who had been to the old days and retired. This means that if you have someone whose life depends on you, it's a signal that you should have insurance much earlier.
In addition to protecting your family financially, there are other reasons to buy life insurance at a young age: a much more affordable price. During this time, the life insurance premium-which could be a monthly or yearly fee-depending on your age, gender, lifestyle habits, health history, and current health condition. If you are a healthy human being of 20 years old, you have a low health risk. That means you will be charged a lower premium.
At this age, there are two types of life insurance that you can choose from: Life insurance futures and permanent life insurance. For the 20s who have recently graduated or recently started a career, Cigna recommends Cigna Life Protection insurance. With premiums ranging from Rp 15,000 per month and Rp 162.000 per year, this insurance helps to give you a sense of security that you will get an assurance of coverage that relieves the family for any risks that may occur in life.
Age 30-40
Your financial situation will most likely change as you age. When you reach the age of 30 or so, you may already have a fruit to be raised, a home mortgage to pay, and a variety of other additional living expenses.
The best advice is roughly the same. You buy as many life insurance as you can afford. However, if you already have life insurance, it could be time to turn your policy into life insurance "Whole Life ". Although a little more expensive, but this life insurance offers insurance coverage up to the age of more than 100 years
You can try Life Protection Optima which is a term life insurance product that provides protection against the risk of age cover in a natural and accident. With this life insurance product, you will get protection for 10 years — with a premium payment period of only 5 years.
On the other hand, many people in their 30s have a regular job with earning life insurance. However, does this mean you don't need your own life insurance?
Life insurance in the workplace is more suitable to be regarded as an "additional policy". Because, the company can at any time do a reduction in the workforce, thus making you lose work and also protection. If so, by having personal insurance, you at least still have a sense of security in your life regardless of the worst that may happen in your career someday.
Ages 50, 60, etc.
Is it too late to get life insurance at dusk? Actually, this depends on your insurance company. Some insurance companies have an age-restriction policy ranging from 55 to 80 years.
Next question: What type of life insurance is suitable for you who are middle-aged? At this stage, you may be paying attention to retirement plans and settlement of home credit payments. That is, you are in need of more financial stability and financial protection.
Because age is not an obstacle, we recommend to choose Cigna Second Life. This is the first life insurance that is allocated for elderly people in Indonesia. Seniors aged between 55-80 years are guaranteed to be accepted without health screening.
The premium for female participants starts from Rp 219.831/month, while the premium for male participants starts from Rp 300.268/month with the option of sum insured ranging from Rp 50 million to Rp 150 million.
Regardless of your age, insurance is important at every level of life. There's nothing more valuable than your health and the family you love. So, don't waste the time of your life not to take advantage of current insurance and so on.