Showing posts with label Insurance Principles. Show all posts
Showing posts with label Insurance Principles. 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 Principles
Friday, April 10, 2009
To receive insurance, insurance companies have several principles :
Insurable interest
Insurable interest, means that customers have an interest that can be insured. This arises from the financial relationship which the law is recognized.
Relationship can arise because:
Law
According to the customs law, a person or property owned by someone other than the person, also owned by his family. Thus, a father can buy insurance for the child or property belonging to his son, as well as vice versa.
Act
For example, according to law, every passenger transportation company responsible will be required when there is a passenger in the accident. Therefore, the transportation company is allowed, even obligated, to buy accident insurance for passengers.
Contract
For example, in a building contract, the contractor charged the responsibility to complete the building. Therefore, the contractor may be buying protection contractor all risk insurance.
People said to have insurable interest in the object when the insured person suffers financial loss in case case of natural objects on it. When the case of natural objects on the insured and that person does not have a financial interest over an object, then that person is not entitled to receive compensation.
Insurable interest
Insurable interest, means that customers have an interest that can be insured. This arises from the financial relationship which the law is recognized.
Relationship can arise because:
Law
According to the customs law, a person or property owned by someone other than the person, also owned by his family. Thus, a father can buy insurance for the child or property belonging to his son, as well as vice versa.
Act
For example, according to law, every passenger transportation company responsible will be required when there is a passenger in the accident. Therefore, the transportation company is allowed, even obligated, to buy accident insurance for passengers.
Contract
For example, in a building contract, the contractor charged the responsibility to complete the building. Therefore, the contractor may be buying protection contractor all risk insurance.
People said to have insurable interest in the object when the insured person suffers financial loss in case case of natural objects on it. When the case of natural objects on the insured and that person does not have a financial interest over an object, then that person is not entitled to receive compensation.
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