Myths Surrounding Insurance

The low awareness of the public to buy an insurance product due to allegations regarding damages or constraints that would be obtained if you buy an insurance product. Is this true?

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 just realized, should have already long ago to purchase insurance.

So you do not inedible gossip or hearsay about life insurance (which is not necessarily true), you should first identify the myths about life insurance are the most popular.

1. People who are young and single people do not need insurance.
   Is there a person who suffered a loss when we die? although we not have disadvantages, we maybe leave the credit card debt, mortgages, cash loans, up to the cost of the funeral.
   Life insurance policy will generally cover these costs. The faster, or the younger you buy insurance, you can get lower premiums. Insurance will also ensure that costs you spend when you are having health problems later.
2. Only someone who already have children who need insurance.
   According to Michael Bonevento, senior financial advisor at Ameriprise Financial Services, Inc.., They were married and had children or not, still had an obligation to buy insurance.
   Even so, there are many instances where single people also have insurance. When the single came from a family that was lacking, he could leave his family insurance claims in the event of a problem for him. So, he took the insurance to make sure his family is not experiencing financial problems when he was gone.
3. If the company has been providing insurance, for what buy insurance?
   Many companies that provide life insurance or health insurance for employees, whose value may be equal 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 had to be hospitalized? It may be too late if you have to buy insurance when it is needed for anticipated disadvantages that may arise due to currency risk.
4. Life insurance is generally too expensive.
   When will buy insurance, you will be given the option to charge premiums according to your ability. Premiums selected young people would be lower than those already established. in addition to annual paid, some are premium can be paid monthly. You can upgrade this premium value when your financial condition is getting better.
5. All the same insurance policy.
   His name is also the product or merchandise. Each one certainly has its advantages and disadvantages, which are manifested in the form of policy. The policy may use the same term, but the substance of what may be covered may different.
   So when you purchase an insurance product, do not just consider price alone. Read the policy given carefully,so that you do not feel cheated later.
6. Housewives do not need to purchase insurance.
   You may not have an 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 must meet its own course. Well, life insurance can ensure your security while the couple was no longer present to meet your needs.
7. Buying insurance is complicated.
   It takes time to process your insurance purchase, including the approval of your proposed insurance requests. However, the current financial planner insurance agency has implemented aliases pick up the ball.
   That is, they come to you and take care of everything. If less clear with the rights and obligations of you, you can also access it himself on his website. You can also compare yourself with other insurance products. If still not clear, you can schedule another meeting with your agent.
8. If I had life insurance, it means I do not believe God's protection.
   When we left the car / house, whether we locked the car or not? If we believe in the protection of God, of course, we do not need to lock the door at all, because God will take care of for us.
   God gives to human intellect and mind so that people can think. Just as God gave us minds that want to lock the door of the car / house when leaving it and do not make God a house keeper or your car, then God also gave us minds so that we can protect ourselves from the unexpected by taking protection insurance and do not blame God when things happen that are not in want.
9. Difficult insurance claims, and often do not pay.
   If the insurance claim is difficult and complicated, the insurance business will certainly continue to shrink because no one else would insurance. In fact insurance business continues to grow each year. Why not pay a life insurance claim can be read here, Why Insurance not Paid !
10. Participating life insurance that means I'm going to die soon.
    If all life insurance customers immediately died shortly after take insurance, the insurance company would have been bankrupt long ago, because how could pay customer claims whose value if not worth the premium paid.
    It is precisely the fact is most long-lived insurance customers because in prayer by all employees and insurance agent, so the next year and subsequent years customers can still pay insurance premiums so that they all still working and get salary from company.

For further information, consult your life insurance agent or financial advisor. Good Luck!

Everybody Need An Insurance Protection

Not only the employees alone, everybody need at Protection, along with the increasing competitiveness in the diverse range of businesses and professions, everyone involved needs to have its own skills to be successful.

The demands of work with maximum effort as efficiently as possible to be ideal in every field of business actors.

On the other hand, the more competitive services or products sold, the greater the chances of getting a wider market niche.

Success penetration services or products on the market by qualified professionals, always contains the risk of the unexpected.

We contemplate for a moment, the success of professionals in supporting the success of the sale of services or products on the market is always risky.

That is, there are many unexpected events and it can be bad behind the interrelated processes between products, production processes, and people involved in it.

Reflections it boils down to a protection mechanism that can protect anyone in any activity in which full of unexpected risks.

As a company, of course, preventive measures to ensure the safety of employees becomes very important for the future if things happen that are not desired, life insurance or health coverage as an umbrella to protect. And this is very much needed by all workers in the company.

Individually, anyone who buys a life insurance product will get protection from future events.
Not only the employees of one company, a merchant, for example, what would happen if in the midst of a sudden its stores on fire, and the incident casualties?

Or, what would happen if occur aircraft accident and the passengers are not protected by life insurance products?
How did the journey of family life following the tragic victims of the plane, if they do not get the protection of life insurance?

In corporative, the company has good management, it is definitely going to protect their employees, this is to protect the company from the emergence of the huge cost incurred when things happen unexpectedly, such as the case of an accident or death of an employee of the company.

Even for individuals who have their own businesses also still need a protection for themselves and for their businesses.
The diversity of the profession with the support of a variety of life insurance products will create a sense of comfort for the insured, while that which can be obtained as follows:

• First, the insured can work to its full potential without worrying about the risks that may arise as a result of the routine and the complexity of the profession that they do.
• Second, the families also can think calmly as he continued to hope that the insured can perform optimally and achieve a better career path from time to time.
• Third, if the insured is an employee of a company, which benefited the company where he works.

The corporative protection can reduce costs significantly when the company in question had unforeseen events during the running of the company's duties.
Or, if the insured is an entrepreneur or entertainer, he can get the maximum protection of unexpected events in the middle of the profession that they do.

For instance if an insured is committed to allocate some money to pay the premiums on a regular basis, it was moment also got the long-term benefit.

Life insurance and protection in it, should be part of the existence of a variety of professions, so they are protected financially from the unexpected.

Description above proves that diverse professions require any protection.
As a note, as a professional, whether employees, employers, or the entertainer take out life insurance products, there are actually people nearby who also enjoy the effects of such protection, the husband, wife, or children in question is called the insured or expert inheritance, which will be beneficial for the survival of the family.
Thereby, despite the loss of a beloved family, but the benefits of life insurance is still obtained.

Must Know, Why Insurance Not Paid?

Have you ever had an insurance claim that is not paid? If so, of course, you definitely angry, upset and disappointed. But do not rush to blame the insurance company, first, see this article, and know what are the causes of insurance is not paid.

Yes, some of you may think that insurance can only give promises without proof. However, if you've ever prove it? If not, maybe you should take insurance first, then prove whether your insurance company is a broken promise or included good insurance.

The case of the broken promises of insurance companies should be seen case by case basis, not generalized. That is, not only because the insurance companies do not keep their promises, and you assume all insurance companies not true. Non-payment of insurance money by an insurance company could be for many reasons. for example, we take the case of life insurance. What are the causes of Life Insurance is not paid to the customer.

MISTAKE of CUSTOMER

Not all failures due to payment of claims by insurance companies. It could also be the cause is the customers themselves. Generally there are five mistakes that could lead to customers not paid insurance money:

1. Customer dishonesty.
   Before someone has a life insurance product, he first had to fill Letter Filing Insurance. In the Letter Filing Insurance are the questions that must be answered by a prospective customer, and from the answers that the insurance company will look at whether to provide life insurance protection to you or not.
   Well, when filling Letter Life Insurance Application is often a prospective customer does not give the right answer. For example, in its submission Insurance are questions about whether you have been treated in hospital in the last two years. If you answered no - but ever treated in hospital six months ago, for example - then in the event of death to you and the insurance company found out that the cause of death was due to an illness you've made ??your admission about six months ago,so do not expect the insurance company will pay the down payment they promised.
2. The exclusion by the insurance company to pay the sum assured.
   Sometimes Life insurance companies do not provide the benefits they were promised when turn out the cause of death was excluded (and the exception was written in the policy). Regarding exceptions, generally the insurance company sets the amount of the exemption varies. However, generally are:
   
   • Deaths due to suicide
   • Death due to that person committing a crime
   • Deaths due to AIDS
   • Death due to critical illness, where death occurs in the first year he was the insurance program of the relevant insurer
   • Death due to things that can not be avoided, such as war, natural disaster, or riot.
   Often the exceptions contained in the policy it is not read by the client, so that he felt aggrieved when the sum insured is not paid insurance. That's why, if you have the insurance policy, a time longer to read the articles contained in the policy.
3. Clients too long to make a claim
   Generally, insurance companies set limits for filing an insurance claim. usually, the time limits set is three months. while customers often make a claim outside the time limit, so the insurance company is difficult to fulfill.
   For example, your husband follow a life insurance program with you as his heir. if occur the death of your husband, then you can only get the promised insurance benefits if you are still filing claims within three months after the death. Otherwise, the insurance company may not want to provide the benefits they promised.
   Now, where you know the long time limit given by your insurance company to file a claim of death? You can read it on your insurance policy. After that, if it did occur later risk of death, immediately submit claims to the insurance company.
4. Terms incomplete when filing a claim
   Insurance companies usually ask a number of requirements when filing a claim if true there is risk of death in people who are covered. Requirements that are often not met or furnished by the heirs of the customer, so the insurance company would not directly pay their claims.
   Typically, the requirements requested by the insurance company if you want to make a claim of death are:
   
   • Death Certificate from the local area
   • Letter from Police Accident (if death occurs due to accident)
   • Statement from the hospital (if the death occurs in a hospital), where the letter was signed by the doctor the concerned
   • Fill in Claim Form issued by insurance companies
   • Photocopy of Heirs identity.
   So, if there is risk of death, do not forget to meet all the requirements demanded by the insurance company. not that hard, right?
5. Not-payment of premium by the customer within a specified time period
   It's obvious. If you do not pay premiums according to the specified time period, your insurance policy could become invalid. This means, you are no longer covered by insurance. This is what often happens. In the early days, customers pay premiums diligently, but at a certain moment, premiums are no longer paid, even up to a certain time limit.
   It's the same as if you use electricity and do not pay within a certain time limit, so your electricity at home threatened cut off by the power company . Therefore, make sure you know the rules of your premium payments. Do not let your insurance policy is not valid just because you forgot to pay your premiums on time.

FAULT OF INSURANCE COMPANY

Apart mistake from the customer, unpaid insurance money can also be caused by errors incurred by the insurance company. There are several actually, but only two are common:

1. Dishonesty Insurance Agent in Presenting its Insurance Products
   Your insurance agent dishonest in presenting its Life Insurance products. For example, when they met, he said that the insurance company will pay the down payment if the deaths caused by the Life Insurance critical illness, including when the risk occurs in the first year. In fact generally not the case.
   Indeed, not every insurance company has the same policy. So my advice, what you see in your insurance policy that is to be used as a reference, instead of what the said of insurance agent. Generally insurance companies provide some sort of a Money Back Guarantee if it turns out you are not satisfied with the provisions contained in the policy.
   You can return the policy, and the money will be returned. Of course, during the return policy that are within a certain time period set by the insurance company, which is usually 30 to 90 days. Then, whether all insurance agents can not be trusted? of course not, back to the man. Do not be because there is an agent that is not true, then you equate all insurance agencies in the world is not true. Once again, it all went back to their respective characters.
   Now, to prove whether a given presentations Insurance Agents right, you just match it with insurance policy issued. If the same, meaning your insurance agent is honest and trustworthy. If not, report him to his insurance company.
2. A Recalcitrant Company
   If you find that you have met all the requirements asked, be honest in filling out the insurance application letter, diligently paid premiums, submitting claim is still within the time specified, but the claim is still not paid, check again. It could be a recalcitrant company. Immediately report to the authorities if necessary.