Showing posts with label Insurance Companies. Show all posts
Showing posts with label Insurance Companies. Show all posts
Benefits of Life Insurance
Wednesday, April 15, 2009
Some country less aware of the need for insurance, especially life insurance. Term, not insurance minded. Most want even more to insure their goods such as cars etc from the home life. Discuss the life insurance is likely still somewhat taboo, because it spoke about things that are not desired, namely, death.
In fact, as I always say, the risk is not to be avoided, but for in-manage. Death can not be avoided. Everyone surely die. Now, with life insurance, we can manage the risk of death to leave us with the things of value and benefit to families who leave when we die. So if talking life insurance, please open your mind to be able to talk about death.
If the developed countries like United States, most residents are aware of the importance of insurance, so they often find their own insurance, even without promoted by insurance agents.
Is life insurance? According to me, life insurance is very important. Why? Here are some examples of cases:
1. With life insurance, I have to give stock to my family when I die, where the insurance company will pay the amount of money (insurance money) to my heirs, in this case my family. Money can be used to pay for school children etc..
2. If I have disability and can not work again, I will also get money from the insurance company's provision of life insurance for me.
It was the 2 most common examples of insurance. When expanded, the product according to the respective insurance companies, there are many more benefits from life insurance, including:
1. When I diagnosed affected by critical illness, insurance companies will pay some money for my expenses. Different types of critical illness insurance companies for each, but the public is as stroke, heart disease etc..
2. In addition to getting the cost of treatment, I can also be exempt from the premium, so if I have to pay premiums for 10 years and in year 2 I terdiagnosa critical illness, then for the next 8 years I do not need to pay a premium and even insurance companies that pay back my premium, so the savings in insurance are still running.
3. Enter the hospital? Costs reimbursed by insurance companies. Please note that the amount of money that changed not necessarily 100%, depending on the insurance product.
That's only a few of the benefits of insurance that you can get when you buy life insurance. But the benefits are usually included in the insurance products that are modern insurance. When you purchase a traditional type of life insurance, usually benefits that you get just as in the example above the first.
Life insurance is now usually combined with the investment product. So in addition you get insurance benefits, you also save money as well. Your money that can be melted is called with the value in cash. So when you die, your heirs will get the insurance money plus cash value of your insurance policy.
In fact, as I always say, the risk is not to be avoided, but for in-manage. Death can not be avoided. Everyone surely die. Now, with life insurance, we can manage the risk of death to leave us with the things of value and benefit to families who leave when we die. So if talking life insurance, please open your mind to be able to talk about death.
If the developed countries like United States, most residents are aware of the importance of insurance, so they often find their own insurance, even without promoted by insurance agents.
Is life insurance? According to me, life insurance is very important. Why? Here are some examples of cases:
1. With life insurance, I have to give stock to my family when I die, where the insurance company will pay the amount of money (insurance money) to my heirs, in this case my family. Money can be used to pay for school children etc..
2. If I have disability and can not work again, I will also get money from the insurance company's provision of life insurance for me.
It was the 2 most common examples of insurance. When expanded, the product according to the respective insurance companies, there are many more benefits from life insurance, including:
1. When I diagnosed affected by critical illness, insurance companies will pay some money for my expenses. Different types of critical illness insurance companies for each, but the public is as stroke, heart disease etc..
2. In addition to getting the cost of treatment, I can also be exempt from the premium, so if I have to pay premiums for 10 years and in year 2 I terdiagnosa critical illness, then for the next 8 years I do not need to pay a premium and even insurance companies that pay back my premium, so the savings in insurance are still running.
3. Enter the hospital? Costs reimbursed by insurance companies. Please note that the amount of money that changed not necessarily 100%, depending on the insurance product.
That's only a few of the benefits of insurance that you can get when you buy life insurance. But the benefits are usually included in the insurance products that are modern insurance. When you purchase a traditional type of life insurance, usually benefits that you get just as in the example above the first.
Life insurance is now usually combined with the investment product. So in addition you get insurance benefits, you also save money as well. Your money that can be melted is called with the value in cash. So when you die, your heirs will get the insurance money plus cash value of your insurance policy.
Insurance Companies
Saturday, April 11, 2009
Insurance companies profit received from investing premiums until they have to pay a claim. This money is called "float." Underwriter can benefit or loss from price changes and also float the interest rate or dividend on the float. In the United States, loss of property and deaths recorded by insurance companies is U.S. $ 142.3 billion in the five years ending in 2003. However, total profits in the same period is U.S. $ 68.4 billion, as a result of the float.
Some people consider insurance as a form of betting which is valid for the period of the policy. Insurance companies bet that the property buyer will not be lost when buyer pay the money. Differences in costs paid to the insurance company against the amount they can receive when the accident happened almost the same as if someone bet on horse racing (for example, 10 equal 1). For this reason, several religious groups including the Amish avoid insurance and depend on the support received by their communities when disasters occur. In the community and supports the close relationship in which people can help each other to rebuild the lost property, this plan can work. Most people can not effectively support the system as above, and this system will not work for large risks.
Some people consider insurance as a form of betting which is valid for the period of the policy. Insurance companies bet that the property buyer will not be lost when buyer pay the money. Differences in costs paid to the insurance company against the amount they can receive when the accident happened almost the same as if someone bet on horse racing (for example, 10 equal 1). For this reason, several religious groups including the Amish avoid insurance and depend on the support received by their communities when disasters occur. In the community and supports the close relationship in which people can help each other to rebuild the lost property, this plan can work. Most people can not effectively support the system as above, and this system will not work for large risks.
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