Maybe many of us think, why have life insurance if we already have sufficient investment, adequate monthly salary, children's education funds have been allocated properly, so that tertiary needs are already owned. It looks like our financial condition is safe, right?
Unfortunately, the events that were published in a number of news portals recently said otherwise. Reportedly, a young man who worked in a well-known IT company died suddenly from a stroke. In fact, judging from his social media accounts, the man has a healthy lifestyle; He diligently consumes nutritious food, likes to exercise, especially running, and has even participated in marathon competitions in several countries around the world. Who would have thought that a deadly disease such as a stroke could actually attack people who are still relatively young and have a healthy life?
Moreover, his death left his wife and two small children. With the condition of losing the main breadwinner in the family, it is difficult to imagine how they can finance their lives in the future. The story above can happen to anyone, including all of us. Don't want your beloved family's life to be difficult if suddenly something unexpected happens to us? That's why we must protect ourselves with soul protection as proof of our love for our family.
Let's Know What is Life Insurance
What is life insurance? Definition of life insurance is a program of protection for families in the event of unwanted things, such as death, to insurance policy holders. Yes, as in the example above, life protection is intended to provide financial security and definite protection to the bereaved family if the insured dies.
Simply put, we as the insured are required to pay a certain amount of premium on a regular basis. Later when we die, the money will be given by the insurance company as Sum Insured (UP) to the bereaved family as stated in the contract agreement.
Unfortunately, the awareness of the Indonesian people to have protection in the form of life protection still tends to be low. From research data compiled in the Manulife Investor Sentiment Index 11 in 2017, only 1% considers having life protection a priority.
So, what should be prepared before having a soul protection?
1. Set aside a budget
It's not easy to allocate funds every month for things that we can't enjoy right now. For that, instill the proverb "sick first, have fun later" in our minds. Understand that the money we save today will be very useful for our families in the future. Ideally, set aside 10-20% of monthly income for special allocation posts to pay life insurance premiums.
2. Have Insurance While Healthy
Each insurance company has special provisions for prospective buyers of their insurance. One of the most common is the health condition of the prospective policy owner. Even health conditions can also affect the premiums to be paid, usually the younger and healthier a person is, the lower the premiums to be paid. For that, immediately have insurance while we are young and healthy.
3. Adjust to Needs
Before choosing insurance, it is better if we study first what products are offered and compare one insurance product with another. Make sure the life insurance benefits offered are in accordance with your needs, for example a total disability benefit that allows us as the insured to get the sum insured when we are no longer able to work. In addition, make sure that the life insurance company you choose is a credible and trustworthy company.
In general, there are two types of life insurance, namely term life insurance and whole life insurance. Term Life Insurance provides protection for a certain period of time with a fixed premium, starting from 5, 12, 15 and 20 years. So, during this period of time, the breadwinner will be protected. There are 3 (three) term protection products from Manulife that you can try: Term Saving Protection, Life Protection Compensation, and Manulife Persona Guard.
Meanwhile, for Lifetime Insurance, this type of protection provides protection up to the age of 99 years and is accompanied by a cash value. This cash value is the right of the policyholder and can be withdrawn. There is 1 (one) kind of lifelong protection product from Manulife, namely: Manulife Essential Assurance.
In closing, having life protection is a guarantee that must be owned by the main breadwinners. Come on, it's time to hurry to have a life insurance product to protect your beloved family. Never assume life protection is a tertiary need. Make life protection a primary need that can provide certainty for family survival in the future. In short, prepare an umbrella before it rains, prepare the best protection for the future of your beloved family.