Characteristics of Insurance Part II
Characteristics of insurance:
- Most insurance taken care of through insurance agents. However, there are also banks that can help because the bank has cooperated with the insurance institution.
- Issued by an insurance company.
- The benefit is the investment and protection.
- Insurance is not necessarily unsafe, as long as you know the reputation and insurance agents that offer. Therefore, most people will want to choose insurance if it has been recommended by a trusted other people, whether it’s colleagues, relatives, and so forth.
- It is suitable for parents who want to prepare a complete funding of kindergarten / elementary school to university in one package. The calculations were complete.
- The amount of education funds based on the percentage of sum assured.
- For long-term investments, insurance is more suitable because there is no urgency to vary the amount of premiums paid.
- Create the discipline to pay premiums, insurance is perfect. However, there are ways to get around when you include people who are not too disciplined, ie letting savings account debited each month to pay the insurance premium automatically so you do not have to bother. Thus, the benefits are insurance benefits, but you can deposit some money at any time when you have excess food. Of course, this is assuming that you already have more than enough funds to pay insurance premiums every month.