Tips Before Buying Life Insurance

Tips Before Buying Life
Insurance - Life insurance has a function as protection when
the insured dies. The insurance company will
provide the sum assured to the people left
behind. In addition, life insurance is used to cover
the potential loss of revenue . Many people buy
life insurance when not needed and do not take
out life insurance with sum assured is sufficient if
needed.

The following is a brief description of the tip or
tips before buying life insurance:

• 1. Persons Without Dependents and
  Liabilities
  People who live with no dependents and do not
  need to purchase liability insurance. The reason is
  people with no dependents do not need life
  insurance protection because it does not affect
  the income of others.
  
• 2. Persons Aged All Her child who Self
  Old man with all his children no longer have an
  independent obligation to another party. If the
  parent dies, the children are not harmed
  financially. What is required of parents in old age
  is not a life insurance, but large amounts of liquid
  funds. Parents at a more advanced age require
  annuity that serves to provide protection if the
  insured dies too fast. Annuity also will provide
  protection if the insured lives too long.
  
• 3. Families with Children
  Families with children are very important need
  life insurance policies . The smaller the age of the
  child in a family, then the longer form of
  scholarship support to insurance until they reach
  college. It could be that most people think that
  they keep saving for education is adequate, but
  the savings would be stalled when family income
  that sustains the savings fund formation stopped.
  
• 4. Families who've Retirement
  Insurance agents usually recommend that those
  who are already retired purchasing a life
  insurance policy, so that if one of the spouse dies
  can still get support from the insurance fund.
  However, there is a different opinion, that the
  actions of the insurance agent is less true.
  When one member retired and have no income
  from the main job is the need of the existence of
  sufficient funds to sustain their daily needs.
  Therefore, if the family is already cashing in
  pension cash value of the insurance policy of his
  day, these funds should be invested in a safe
  investment types such as deposits.
  
• 5. Single
  For a single which is the main supporter of the
  family finances, then the family will be very
  upset when he died. A single here would require
  a life insurance policy to sustain family life.
  However, if the single does not have the financial
  responsibility of the family, the income can be
  used for the welfare of his or invest for the future
  life.
  Buying an insurance policy when he was young
  the price is cheap. However, once again it must be
  taken into account with future needs when
  compared to the amount of funds ditabungkan. If
  the savings are sufficient funds, then buy the
  policy only wasteful expenditure to mere.
  
• 6. Families Without Children
  Families without children may require a life
  insurance policy, but it may not. To test these
  needs then to be asked whether the couple has
  left the financial difficulties in case the main
  financial source died. If the family members left
  behind have enough income then life insurance
  policy is not required.
  If a family member is very dependent on the
  income of the deceased, then the life insurance
  policy is indispensable. Similarly, when it turns
  out the family without children are still alive
  after a long and it turns out they still need
  additional retirement income then purchase a life
  insurance policy should also be considered by the
  family members.
  
• 7. Children
  Children usually used as soft targets for
  insurance companies to sell his life insurance
  policy. Purchasing a life insurance policy for a
  child is usually not large compared to the amount
  of the sum assured for adults. However, if one
  intends to buy insurance policies for their
  scholarship when entering college then it would
  not hurt. Thus, for the purposes of funding a
  child's education will be guaranteed through an
  insurance policy.