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

What is Universal Life Insurance?

Universal life insurance was developed in the late 1970s to overcome some weakness related to the whole and term life insurance. As with other types of life insurance, you pay regular premiums to your insurance company, in exchange for the which the insurance company will from pay a specific benefit to your beneficiaries upon your death. Like other types of life insurance, you pay regular premiums to your insurance company, in return for which the insurance company will pay special benefits to your beneficiaries after your death.
 

As with whole life insurance, a portion of EACH payment goes to the insurance company to pay for the pure cost of insurance. As with life insurance, a portion of each payment goes to the insurance company to pay the cost of pure insurance. The remainder is invested in the company's general investment portfolio, with the potential to build cash value. The rest is invested in the company's general investment portfolio, with the potential to build cash value.

Most universal life policies pay a minimum guaranteed rate of return. Most universal life policies pay a minimum guaranteed rate of return. Any returns above the guaranteed minimum vary with the performance of the insurance company's portfolio. Any returns above the guaranteed minimum vary with the performance of insurance company portfolios. The sectoral policy has no control over how these funds are invested; funds are managed by the insurance company's professional portfolio managers. policyholders have no control over how the funds were invested, the funds managed by professional portfolio managers of insurance companies.

However, universal life policies are very flexible. However, universal life policies are very flexible. As the policy owner, you cans vary the frequency and amount of premium payments and Also Decrease or increase of the amount of the insurance to suit changes in your situation. As the owner of the policy, you can vary the frequency and amount of premium payments and also increase or decrease the amount of insurance against changes in accordance with your situation.

For example, if your financial situation improves significantly, you cans increase of your premiums and build up the cash value more rapidly. For example, if your financial situation improves significantly, you can increase your premiums and build cash value faster. On the other hand, if you find yourself under a financial strain, you cans reduce your premiums, or even you May be Able to deduct premium payments from the cash value of the policy. On the other hand, if you find yourself under financial pressure, you can reduce your premium, or you may even reduce premium payments from the cash value policy. Of course, changing the premium or withdrawing part of the cash value in your policy affect the rate at will from the which your cash value accumulates. Of course, changes in premiums or withdraw part of the cash value in your policy will affect the rate at which your cash value accumulates. It May Also reduce the size of the death benefit. It also can reduce the size of death benefit.

Any cash you withdraw from your universal life policy is Considered "base-first." You will not incur a tax liability Until your withdrawals exceed the premiums you've paid into the policy. Each time you withdraw cash from your universal life policy is considered "base-first." You will not be subject to tax liability until your withdrawals exceed the premiums you have paid into the policy. Any That amount exceeds the premiums will from be taxed as ordinary income  "The amount that exceeds the premiums will be taxed as ordinary income"

Tips for Choosing Life Insurance

Life insurance is one important requirement related to financial planning. In recent years, unit-linked products including life insurance category is increasingly growing and provides many offerings. We recommend that you carefully before an investment that also have this protection.

Choose products that provide space for customers to adapt to the needs and abilities. There is an enticing product, because only by setting aside 10 thousand dollars per day, you can pay a premium for protection and long-term investment. But not just cheap, you need to also examine the extent of adjustments that you can do.

For example, changing the benefits of investment, in this case increase, reduce or even eliminate the benefits of protection, adjusted for the amount of premium. Is then the premium will also increase or follow the previous premium, if the customer then make adjustments based benefits

We recommend that you select the insurance product by first discussing in detail the advantages and disadvantages. Professional insurance agent should provide a space for discussion and not just "sell"products.

Differences Education Savings and Insurance Education

Education savings accounts are generally sold by the bank, with backup by life insurance companies. So we can come to the banks who sold these educational savings, and we determine how much our target and how long the target would be achieved. Then the banks will determine how much monthly payment should be done with include the interest rate should be used during the contract period.

Generally, education savings is equipped with life insurance or other insurance. So when parents who experienced severe to deposit every month, such as dies, then the life insurance will replace him as the depositor. So the target of education fund established by parents who can still be enjoyed by children.

But Education Insurance generally purchased through an insurance company who offered by the agent. The customer will determine how much money after seeing the benefits of insurance coverage that will be paid. And insurance companies determine how much premiums that must be paid in a lump sum or on a regular basis, can be annual, could be six months, three months and even several months.

Insurance benefits which are generally offered a certain percentage of the sum insured and paid when the child would go to elementary, junior high school or college. And the benefits will still be paid even if the premium payer's parents as the unfortunate, for example, died.

Both education and insurance savings education both can be used as an alternative to prepare for our baby education fund. Education savings just to prepare at one point, for example, to enter elementary school, or junior high school.

If you want to complete such education insurance, then we have to buy 4 products of this education savings, with funds target and the achievement of different. But precisely here lies the flexibility of an education savings. Currently the interest rate of savings education refers to the deposit or slightly above the deposit which he sold, while the interest rate is more conservative education insurance.

There is one option which is recommended to break with insurance benefits and fertilizing the funds. Suppose we buy term life insurance with sum assured as targeted education funding and achievement of specified time. Then on a regular basis, you deposit a certain fund to invest one's way, for example, into mutual funds.

We also can choose an investment instrument which has a high rate of return and higher risk of course. So with this method, you can obtain a high sum of insurance and investment returns which optimal. The key is just one discipline.

The difference between the Savings Insurance

Education savings accounts are generally sold by the bank, with backup by life insurance companies. So we can come to the banks who sold these educational savings, and we determine how much our target and how long the target would be achieved. Then the banks will determine how much monthly payment should be done with include the interest rate should be used during the contract period.

Generally, education savings is equipped with life insurance or other insurance. So when parents who experienced severe to deposit every month, such as dies, then the life insurance will replace him as the depositor. So the target of education fund established by parents who can still be enjoyed by children.

But Education Insurance generally purchased through an insurance company who offered by the agent. The customer will determine how much money after seeing the benefits of insurance coverage that will be paid. And insurance companies determine how much premiums that must be paid in a lump sum or on a regular basis, can be annual, can be six-monthly, quarterly and even monthly.

Insurance benefits which are generally offered a certain percentage of the sum insured and paid when the child would go to elementary, junior high school or college. And the benefits will still be paid even if the premium payer's parents as the unfortunate, for example, died.

Both education and insurance savings education both can be used as an alternative to prepare for the child's education fund. Education savings just to prepare at one point, for example, to enter elementary school, or junior high school.

If you want to complete such education insurance, then we have to buy 4 products of this education savings, with funds target and the achievement of different. But precisely here lies the flexibility of an education savings. Currently the interest rate of savings education refers to the deposit or slightly above the deposit which he sold, while the interest rate is more conservative education insurance.

There is one option which is recommended to break with insurance benefits and fertilizing the funds. Suppose we buy term life insurance with sum assured as targeted education funding and achievement of specified time. Then on a regular basis, you deposit a certain fund to invest one's way, for example, into mutual funds.

We also can choose an investment instrument which has a high rate of return and higher risk of course. So with this method, you can obtain a high sum of insurance and investment returns which optimal. The key is just one discipline.

Tips : How to Choose Life and Health Insurance

Life Insurance and Health Insurance is required mainly for self-employed and informal workers who do not have health insurance from a company or government agency.
An entrepreneur like me when to ill or disabled because of an accident will have a lot of financial losses / financially because they have to bear the cost of treatment and can not work for a living. Another case if a person works in a company or become civil servants, they usually get health insurance that will bear the cost if the sick and fixed monthly salary is paid. (But not all companies provide decent health insurance too)


Before you decide what insurance products, from insurance companies which I highly recommend to compare different products, types of products from various insurance companies. Do not rush to buy insurance products without understanding clearly the rights and obligations if we join an insurance product.

Some tips from me to choose an insurance product:

* Determine the benefits of any protection we need
* Find information on insurance products fit our needs by collecting brochures from different companies or searching for information on the website of insurance companies
* Consult the dealer in more detail about the products until the detailed calculation of the overall allocation of funds that we are willing to pay for anything
* Do not believe what insurance agents say, because they do not necessarily understand well the products they offer.
* Have made illustrations benefits insurance products, premiums to be paid and the allocation of the premium paid it to anywhere
* Learn the content of the illustrations in the house with a relaxed and thoroughly, do not rush to conclusions, ask a better idea if there is not yet clear
* Compare products from various insurance companies, which provide the greatest benefit with the least expensive premium, but the info or find out whether the company can believe it or not
* Do not just based on the best insurance award from a magazine, but you should really know how to calculate the insurance costs
* Determine the insurance products of your choice after all you really understand
* After determining and deciding to buy an insurance product we will accept an insurance policy that contains a binding contract between the customer and the insurance company, learn again the contents of the policy, the customer usually within 14 days given the opportunity to cancel the policy.

That was a few tips from me so you do not regret one day if you buy an insurance product without understanding fully the rights, obligations and comparisons with other products.

One more suggestion I was a customer who never fooled with any insurance product, "Do not buy Life and Health Unit Link associated with investment". Believe cut unit-linked products is very expensive, you better go pure life and health insurance and invest the money into mutual funds separately.

In the next article I will try to give detailed calculation of unit-linked insurance that actually drain money customers, which makes insurance agents are now a lot of very rich by selling unit-linked insurance.

The Reason Life Insurance does not pay Claims

The reason life insurance does not pay claims

Feeling cheated by the insurance company because of your claim is denied? This article was created for customers and prospective customers know what can make your claim is denied and the avoidance of losses on the part of customers

Generally, the denial of insurance claims in because 






1. Dishonesty customer.

Many people realize the importance of insurance when already in jangkiti serious diseases such as cancer, heart disease, etc.. When customers fill up with honest SPAJ (Application for Life Insurance), a disease that is in misery, is certain to be rejected because the insurance company is not a charity.

If the customer claims due to accidents or other issues outside of his illness is, of course, a lie will not be revealed, but when there is a claim (illness / death) because the disease is, of course lie will be uncovered and the insurance company may refuse payment of claims.

2. Dishonesty agent.

Many agents simply chasing sales targets and commissions, so they are reluctant to describe at length about the products on offer, apart from being able to make the sales cycle becomes longer, too risky to buy off potential customers.

Even in some cases, agentlah that encourages customers to be dishonest. I have experienced myself when getting the prospective customer has a doctor diagnosed a fatal disease. Prospective customers have been rejected by some insurance companies, and only 1 company that received because agentnya advise not to include the diagnosis.

Dishonesty agent can also be in the form of promising something that is not listed in the policy. That's why customers should take the time to read policies and match them with the words of the seller agent. If there is not in the know, try to ask the seller agent. If the negative attitude so that you do not even try to understand the contents of the policy, then you need to question the motivation of these agents.

3. Because the exclusion in the policy

Many agents (which honestly though) negligent in explaining pengecualian2 contained in the policy. Described or not by the agent, read or not by customers, the exception remains valid, meaning that if your claim included in the exceptions, then do not be angry if your claim is denied. For those of you who already have an insurance policy, read and understand the existing pengecualian2 now, so you are not disappointed later.

4. Because insurance companies are not bona fide

Life insurance is a long-term contracts, in many cases, new claims came after many years as a customer. Therefore, choose a company that is trusted, and to facilitate you, every year as investors and InfoBank magazine published the rating of the insurer. Although the rating is not a guarantee, but at least help you to make decisions.

The Best Life Insurance

Life insurance is one important requirement related to financial planning. In recent years, unit-linked products including life insurance category is increasingly growing and provides many offerings. We recommend that you carefully before an investment that also have this protection.

Choose products that provide space for customers to adapt to the needs and abilities. There is an enticing product, because only by setting aside 10 thousand dollars per day, you can pay a premium for protection and long-term investment. But not just cheap, you need to also examine the extent of adjustments that you can do.

For example, changing the benefits of investment, in this case increase, reduce or even eliminate the benefits of protection, adjusted for the amount of premium. Is then the premium will also increase or follow the previous premium, if the customer then make adjustments as needed benefits.

To ensure the product is safe, thorough financial institutions also publisher of the product. This can be seen from the professionalism of insurance agents. Just ask, if the agent has a certification from the Life Insurance Association of Indonesia (AAJI) for example. It could also recognize the company's performance by measuring against the insurance industry recognition. The award of a number of economic media company's performance and even recognition of the world should be a consideration.

We recommend that you select the insurance product by first discussing in detail the advantages and disadvantages. Professional insurance agent should provide a space for discussion and not just "sell"products.