how to get a Cheap Life Insurance Premium
Yes ... we can take care
Here are the steps we can take for Premium insurance:
1. Take it at a Young Age
The greater the risk, the more expensive the premium. The main factor affecting is age. The older the age, the higher the risk of death of a person. age older than young age. So, premiums can be started by starting insurance from the beginning.2. Pure Life Insurance
In addition, when you are young the possibility of developing the disease is still small. Health conditions are still excellent. Excellent health conditions make insurance will not charge additional premiums. In prospective buyers, some have to pay, then there will be additional premiums that make premiums expensive. Many people are reluctant to have insurance when they are young. Assume the risk is not great so it's not necessary.
Pure Life Insurance or term life insurance is insurance that provides life protection. If the insured dies, the insurance pays Sum Assured (UP) to the heirs. This insurance is the cheapest premium with the highest UP. Very good for providing life protection. Especially life like now.3. Selectively Choosing a Rider
In purchasing insurance, a general agent will offer additional benefits or called a rider. For example health, critical illness and accidents. These additional benefits are provided besides the main benefits of life protection. Not that Rider is not necessary. It might be needed. However, the important thing is to buy carefully before buying a rider. Remember that riders are not cheap. Make sure it really needs compilation.
4. Use Family Insurance
If a family consists of 4 people - father, mother and 2 children5. Change In Accordance With Bill (As Charged)
In the market there are two ways, namely:
First Way: insurance requires participants to buy limited insurance for each family member. In this case, you have to buy 4 insurance policies. Better than the premise of 4 different policies.
Second way: participants look for family health insurance. In this type of insurance, participants only need to buy one family insurance. No need 4 insurance policies. The cost is cheaper.
In health insurance, there are two methods of reimbursing hospital hospitalization costs.Some Insurance Cover Virus Corona / COVID-19
First, the reimbursement is carried out according to the internal limit, which is the maximum cost reimbursement each time you enter the hospital. So, in addition to the annual limit, insurance companies set limits within
6. Avoid Life Insurance
For many people, life insurance is like providing unlimited protection. The benefits look amazing because of a lifetime of protection. Insurance that covers up to the age of 70 is definitely cheaper than those up to the age of 99. Because insurance costs are cheaper.
The purpose of buying insurance is to provide financial protection to families whose lives depend on the insured. For example, fathers are insured because small children still cannot earn their own living, so they need financial protection from the risk of death of parents. When children are independent, insurance protection needs should not be needed anymore.
By taking the insurance period only until a certain age, for example 70 years, the premiums paid are cheaper than lifetime protection.
So, if you want to save premiums, just take insurance that protects until a certain age.
No need for life-long protection because obviously the premium is expensive and the benefits are not great.
That's a little review, hopefully you can understand about what insurance reasons you are looking for