Mortality Insurance Cases

In the case of death insurance, applicants are asked to enter their health data, with or without prior medical examination, which will be used as initial data the health of participants. A life insurance policy are generally imposed as a condition of certain provisions, limitations and exclusions of coverage. Dishonesty in men
nutritional preliminary data, which means certain death is an exception 

(in the case of life insurance),

insurance cases death is not a requirement (in case of accident insurance), forgery or falsification of death causes heirs, and falsification of identity insured, are part of the reason that could lead to insurance claims can not be a particular insurance case.

Death insurance participants who have health data "normal" or have a total coverage of the "big" and then suddenly died shortly after the close of insurance is usually a decent insurance cases studied (Suspicious death or contestable death claims). Suspicions of fraud (fraud) or abuse (misuse) became stronger when the cause of death turns out to be a fatal disease which has chronic / chronic, or the cause of death leads to the intent.

In the settlement of claims against an insurance case of death, there are 3 important things that must be considered, namely

• the closure of an insurance policy to the insured's death, 
• death of the insured, and 
• evidence that properly insured has died.

Facts show that the death certificate quite easily obtained by the absence of provisions in Indonesia which regulates the obligation of examination bodies for the purposes of death certification and the absence of specific agencies authorized to issue death certificates.

Forensic autopsy examination should be performed to obtain a definite cause of death will be the case the insurance, which can then bring to a conclusion about the manner of his death - whether there is the element of intent.

Life Insurance

Definition of Life Insurance
Life insurance is the definition of a transfer of risk (Risk Shifting) for the financial loss (financial loss) by the Insured to the Insurer. Risks that are delegated by the Insured to the Insurer is not the risk of loss of one's soul, but the financial losses as a result of the loss of one's soul, or because of old age so it is not productive anymore.

Concept of Risk
The economic value of the life of a head of household (the breadwinner) is equal to earnings capacity. If the economic value of the life of a family head is lost or reduced, then that will suffer directly is the loss of his relatives. The risk of loss of income is to be borne by the families left behind.
 

To reduce these risks in modern times has been taken one way to assign or delegate the risk to others, in this case the Insurance Institute which specializes efforts in this area as a profession. The delegation of the risk is more popular is called "buying a life insurance policy".

Types of risk to insured
Throughout human life is always confronted with the possibility of occurrence of events that can lead to lost or reduced its economic value. This resulted in harm to themselves and their families or other interested person. In other words, human beings always face the events that would pose risks as follows;

• Dead (death) either naturally (natural death) and died at a young age due to illness, accidents (accidental death) and others. Each person would have died, although not sure when it will happen. The death of a breadwinner will result in loss of income sources for the interested. Therefore required financial guarantee within a specified period during which abandoned have not been able to adjust to new conditions.
• Disability agencies (disability) due to illness or accident. As a result of illness or accident, a person is physically or mentally unable to work while thus affecting earnings. Whereas if a person suffers total and permanent disability, they can not work at all.
• Critical illnessCritical illness can come at any time regardless of age, whether a person is young or old. Critical illness can not be known when the arrival and can not be known with certainty.
• Old age (old age) / Retirement. Old days of events will inevitably occur, but how long it lasts the life of the old days, can not be known with certainty.
• Education. The development of the education the longer the better. The cost of a child who will continue the longer education even more expensive. Parents should be able to anticipate the development of the education very seriously, because the cost of education today and ten years would have been much different peningkatanya.

The types of life insurance policies
Of the various types of life insurance available today, there are basically three types of life insurance;

• Term life insurance (Term Insurance). Is a life insurance contract where the sum assured is paid only if death occurs within the period of insurance coverage period is still valid. Term Insurance is the simplest form of insurance and the elderly. This type of insurance is sometimes referred to as temporary insurance, according to insurance. The amount of premiums on insurance is also the cheapest compared with life insurance and life insurance Dwiguna.

• Lifetime Life Insurance (Whole Life Insurance).  Life for life insurance is designed to provide lifelong protection as long as he keeps the Insured the policy remains active with her policy through premium payments. In addition to death protection, policy in also provides a savings element which is known as cash value that arises because premiums remain.

• Life Insurance Dwiguna. This insurance is comprised of two elements, namely protection of life and savings. Mental Protection provides death protection. Savings on the insurance element is higher so appropriate for the purpose of saving money. With the savings element  higher than the Insurance Term Life Insurance and Life long

•  Life Insurance Unit-link. In addition to the above three types of policies or also called the traditional policy, the life insurance business insurance policy is also known Unit link. Unit-link life insurance policies combine insurance with investment components. This policy provides life insurance policyholder protection as well as the opportunity to participate in investments managed by insurance companies. Funds placed in the product cut for insurance coverage and the remainder is invested in units of the fund concerned.

The purpose of this policy is to invest. By linking the investment policy unit-link with the performance of a fund, the policyholder has the potential to get higher investment returns than traditional policies. Investment risk entirely the responsibility of the policyholder and the possibility of policy values ??may fall. So, even though the potential policyholder investment returns greater than a traditional policy, investment risks are also great.a

Unit-linked Life Insurance

Life insurance is a unit-linked life insurance products that are hybrids. Therefore, providing two benefits at once, the protective benefits of life insurance benefits and the benefits of investment in the form of cash value.

The insurance benefits are contained in a link unit is not different from the protection given type of traditional life insurance, the death benefits, benefits health benefits, and other benefits according to the selected program.

Special, unit-linked benefits from investment results that placed a premium on investment funds which are expressed in units The crisis that hit the market around the world, should not make giddy. But on the contrary, remained steady in managing strategies and activities including financial management in a variety of instruments, including instruments of long-term unit-linked insurance.

Benefits link units
Excellence Policy Unit-Link does not change, she delivers a wide range of flexibility for customers. For example unit-linked policies allow you to increase your investment funds into the policy,

Even some unit-linked insurance programs provide premium vacation facility for a certain time, during which period allowed certain customers to not pay the insurance premiums without policy must fall. The benefits of this flexibility is also supported disclosure of information where the development funds and transactions are reported periodically.

The report includes a description at least the amount of the premium allocated to the protection and the premiums used to purchase units to be invested, the number of units held, the unit price at that time, the amount of funds currently under management and fees charged to policyholders through policyholder.

One of the special in unit-linked products are the choice of various types of managed funds provided by the company issuing life insurance. Completeness of the various types of funds is important, to be tailored to the investment objectives and risk profile of each customer. Risk profile refers to a tolerable level of risk, namely the readiness to bear you in a fluctuating level of investment risk.

7 Myth of Life Insurance

Public awareness to purchase insurance products are often called low. This is partly due to the allegations regarding the loss or constraints that would be obtained if you purchase an insurance product. True?

This is what needs to be clarified. Life insurance is an important part of financial planning. However, misunderstanding about life insurance can prevent people to get benefits. Later, when there are problems, he should have realized long ago purchasing insurance. So you do not inedible gossip or hearsay about life insurance (which is not necessarily true), you should first identify the myths surrounding the most popular life insurance.

1. Buying insurance is complicated
   It takes time to process your insurance purchase, including approval of insurance demand that you ask. However, the current financial planner aka insurance agent already applied fetch the ball. That is, they who come to you and take care of everything. If less clear with the rights and obligations, you also can access its own on its website. You can also compare themselves with other insurance products. If still not clear, you can schedule another meeting with your agent.
2. All the same insurance policy
   His name is also the product or merchandise. Each would have advantages and disadvantages, which are manifested in the form of policy. The policy may use the same term, but the substance of what he can cover different. So when you buy an insurance product, do not just consider price alone. Read a good policy given that you do not feel cheated later.
3. Life insurance is generally too expensive
   We will buy insurance, you will be given the option to pay premiums that match your ability. Premium selected young people will certainly be lower than those already established. Moreover, in addition to annual paid, there is also the premium can be paid monthly. The value of this premium can you upgrade when the better your financial condition.
4. The housewife does not need to buy insurance
   You may not have income, but you would still have to provide facilities needed by the family. For example, child health, clothing, food, home care, and so forth. When her husband dies suddenly, or not able to work again, for those needs you must meet their own course. Well, life insurance can guarantee your safety while the couple was no longer there to meet your needs.
5. Only people who already have children who need insurance
   According to Michael Bonevento, senior financial advisor at Ameriprise Financial Services, Inc.., They are married and married with children, or married with children with special needs, may have an obligation to buy insurance. Even so, there are many instances where single people also have insurance. When the single came from poor families are in, he can leave the insurance claim for his family when problems occur to him. So he took the insurance to make sure his family did not have financial problems when he was gone.
6. People who are young and single does not require insurance
   Is there a person who suffered a loss when we die? However, although we do not rely on others, we still would leave the credit card debt, mortgage, loan cash, until the funeral expenses. Life insurance policy generally will cover these costs. The sooner, or the younger you buy insurance, you can get lower premiums. Insurance also will guarantee the costs you spend when you are having health problems later.
7. If a company already providing insurance, for what else to buy insurance?
   Many companies that provide life insurance or health insurance for its employees, whose value may be equal to your salary a year. This may be a benefit to you, but what if you do not work anymore in the company? Did not you can not predict when you will experience the risks that might occur? What if suddenly you are admitted to the hospital? It may be too late if you just buy the insurance when it is needed to anticipate the pecuniary loss which may arise due to the risk.

Source : Kompas