Myths About Insurance

 Myths About InsuranceLack of public awareness to purchase an insurance product due to allegations regarding the loss or constraints that would be obtained if you buy insurance products. Is that right?

This is what needs to be clarified. Life insurance is an important part of financial planning. However, misconceptions about life insurance can prevent people to get benefits. Later, when there is a problem, he should have realized long ago to buy insurance.
So that you are not consumed gossip or hearsay regarding life insurance (which is not necessarily true), you should first identify myths about life insurance the most popular.
1. People who are young and single does not need insurance.
Are there people who suffered losses when we die? However, although we do not rely on others, we are still going to leave a credit card debt, mortgage, cash loans, up to the cost of the funeral.
Life insurance policies generally will cover the costs of this. The faster, or the younger you buy insurance, you can get lower premiums. Insurance will also guarantee the costs you spend when you have health problems later.

2. Only those who already have children who need insurance.
According to Michael Bonevento, senior financial advisor at Ameriprise Financial Services, Inc., they were married and married with a child, or married with children with special needs, may have an obligation to buy insurance.
Even so, there are many examples where the single also have insurance. When the single came from poor families are, he could leave an insurance claim for his family in case of a problem to him. So, he took the insurance to make sure families do not have financial problems when he was gone.

3. If the company has been providing insurance, for what else to buy insurance?
Many companies that provide life insurance or health insurance for employees, whose value may be equivalent to your salary a year. This may be a benefit for you, but what if you do not work anymore in the company?
Are not you can not predict when you will experience the risks that may occur? What if you suddenly have to be hospitalized? May be too late if you're just buying insurance when it needed money for anticipated losses that may arise as a result of that risk.

4. Life insurance is generally too expensive.
We will buy the insurance, you will be given the option to charge premiums that correspond to your ability. Premiums selected young people will certainly be lower than those already established. Moreover, in addition to annual paid, there is also a premium which can be paid monthly. This premium value can increase when your financial condition is getting better.

5. All the same insurance policy.
His name is also the product or merchandise. Each must have advantages and disadvantages, which is manifested in the form of policy. The policy may use the same term, but the substance of what is in the cover can be different.
So when you buy an insurance product, do not just consider price alone. Read the fine policy given that you do not feel cheated later.

6. The housewife does not need to buy insurance.
You may not have the income, but you would still have to provide the facilities needed by the family. For example, child health, food and clothing needs, home care, and so forth.
When her husband died suddenly, or not able to work anymore, those needs would have to fulfill itself. Well, life insurance can ensure your safety while the couple are no longer present to meet your needs.

7. Buying insurance is complicated.
It takes time to process the purchase of your insurance, including the approval of your proposed insurance demand. However, the current financial planner alias insurance agents already implementing proactive.
That is, it is they who come to you and take care of everything. If less clear with rights and obligations, you can also access it yourself on his website. You can also compare itself with other insurance products. If it is still not clear, you can schedule another meeting with your agent.

8. If I join a life insurance, it means I do not believe in God's protection.
When we left the car / home, if we lock the door or not? If we believe in God's protection, of course, we do not need to lock the door at all, because God will take care for us.
God gives to the human intellect and mind so that people can think. Just as God gave the reason that we want to lock the door of the car / house when leaving and not God as a guard house / your car, then God also gave reason to us so that we can protect ourselves from things that are unexpected by taking protection insurance and do not blame God when things happen that are not in want.

9. Insurance claims difficult, and often do not pay.
If insurance claims is difficult and tortuous, the insurance business will surely continue to shrink because no one else is willing to insured. In fact the insurance business continues to grow each year. Why not pay life insurance claims can be read here

10. Follow the life insurance that means I'm going to die soon.
If all life insurance customers soon died shortly after take insurance, then the insurance company would have been bankrupt long ago, because how could pay customer claims whose value is not comparable to the premium paid.
Precisely the fact shows most insurance customers long-lived because in praying by all employees and insurance agent, so the next year and subsequent years customers can still pay their insurance premiums so that they all can still work and in salary by the company.

>

Other News:

Written by Dx at the date of Tuesday 5 January 2016