What Is A Good Life Insurance? What Other Points Listen?

The financial awareness not only in everyday situations concerning important to think about the unlikely, but with more serious consequences events. Whose family is important to constantly be ingested. In these unexpected situations can help a term life insurance.

A term life insurance in the traditional sense, life insurance. Work exactly like a home insurance or a Casco: the occurrence of certain events, the insurer pays a sum insured. This service is a regular - asking for a sum (premium) - or one, but bigger.

Is it worth the risk of life insurance for?

Overall, here we pay a financial security, reducing the risks that go with life. Think about it: your career is moving, looking good, but an accident happens, which makes the payment in the fall quarter. In vain have you worked? In vain or talented?

The insurance can help lower monthly sums already guaranteed yourself to prosperity. 1-2 thousand dollar per month has US 10-20 million accident insurance can also be connected to an unexpected event occurred. Now, as long as you do not feel good looking, but more likely it will be a nice life.

Do not just think of yourself: Unfortunately, we all know stories about deceased parents, family, people who have in their partners and their children in need has been great, because no thought to the fact that they are not immortal.

Death itself is quite big tragedy, but only then realized how much financial help does it mean to live in a family with two salaries, especially if the main wage earner died. Perhaps the day steady income can be so, but who will take care of your children's further education or retirement of your partner?

When we talk about life insurance, you should not think that the insurance a waste of money if you do not die. The home insurance is paid, it does not expect to ignite Believe me when I have been out of the house. The service here is financial security.

What is worth the risk of life insurance and do not want to conclude?

Of course, life insurance is a lot of variety, but they can be classified into four types. The four are very tricky and rarely worth it, despite the consultants and 90% of these agents is recommended because it is included in the sales plans. (Higher commissions paid) So be careful whom you ask for advice! (Ask us here.)

The types of life insurance:

1. Smooth life insurance

This type is the one I talked about above. Not included investment, there is a fixed fee for having financial security you get. This is the simplest, clearest and life insurance, which is relatively easy to compare and you should be concluded in the 30s around the latest.

This can be divided into three sub-types, according to three types of risk, but all of them can be connected either in a contract if the price / performance ratio so that it is more profitable. (Approx. 50% of cases) This provision is therefore listed in our lives, which will pay in case of death, illness insurance, which pays in case of illness / surgery and accident insurance that pays for damage caused by a sudden external events. (In case of accidents, but not the disease, it is also much cheaper.)

What Is A Good Life Insurance? What Other Points Listen?

If you're wondering how much it would cost for you the best price / performance ratio of life insurance, you can ask for a personalized calculation in life insurance calculations .

2. Mixed life insurance

These used to be a lot of insurance agents recommended, but since I came to the trendy unit-linked life insurance , since I recommended it be easier to sell to the customer promise of high returns. In fact, one dog to another dog.

The joint insurance policies include term life insurance, and promise to make a fixed payment at maturity they give you back, if prior to the expiration of the tender in ígyis So, you get the money anyway. Good deal, is not it? Unfortunately not, because the risk of this type of life insurance is much more expensive, and in fact, only the interest, costs, indexing with (during term time), a trick so that the good look of the offer.

I'm not saying that there is a mixed insurance not that just be good, but if an agent recommends you this chance to best about you. zero. The truth is that in most cases you are better off with a term life insurance, smooth, plus a savings account, you do put aside the charge difference.

3. Unit linked insurance

These modern mixed life insurance. They do not promise a fixed payment at maturity, instead promise to make insurance premiums (that is actually just a part) is invested, and the returns produced back then you risk life insurance premiums, in fact it is much more. Thus, for example, virtually retirement savings as can function well, even in the pension insurance is made ​​of such products.

The biggest problem these savings to simultaneously load up to two functions, plus a big commission should also be paid to the agent for selling. Because of this dual function rarely come out better than if concluded on the best savings and get the best term life insurance. The commission's role is great because it is however difficult to accept, the counselor, and the insurer also want to catch up to you, that this money is your deducted. However, if the commission 300 000 USD, it will have a monthly 100 Dollar deducted from the time of the first half-year deposit. (A risk premium involved is not it.)

All in all, such "life insurance" The problem is that: are expensive. ( Unit-linked life insurance costs ). This is the TKM indicator that shows how expensive. Frankly, outside of the Allianz life insurance really is not that which is acceptable costs were counting, but the Allianz insurance is very expensive venture, so the joint insurance does not meet.

(Of course, themselves counselors shouting agents have been many articles written about the cost does not matter, but also a sound argument failed reason why not.)

4. Health Insurance

Health insurance a few years of history, otherwise the idea is not bad, perhaps a little too ask the price, but frankly as stories can be heard in the American healthcare, I think that more affluent, the well makes it a little bit, if you "invest" in such a security cover . In practice, the TB-det "triggers" - although not literally - that is, if for some reason you get to hospital or to go see a doctor, you do not have months to wait for the "powder people" together, but straight path is a private clinic where the most professional machines and experts investigated. Under normal circumstances, so that even when people are counted, too!

All kinds of screenings and foreign medical opinion and some even go so you do not need a doctor to ask the opinion of your life, but also the world's most professional ask for a specific analysis. It really can save lives, so this is difficult to estimate the fair value. Obviously, it also gains in the insurance because it is contracted with these, but I'm not sure that if you insurance premiums instead your money, you would get a better price.

From this calculation it can ask for in life insurance . Monthly 3-400 thousand people have been paying smoothly I think it will have access to.

What is a financial decision?

The later of these knitting term life insurance (excluding accident insurance), the more expensive it will be the insurance, since the greater the risk to the insurer reported. You may want to start early, because the fees are not increased during the term, if you do not ask, say, inflation-indexed. H arminc age of a few thousand dollar get away with it, but at the age of 60 can already be happy if you talk to me.

To summarize the above, I think the term life insurance have their own place for a family financial plan, the real and necessary in order to achieve financial security . However, because of the many mountebank agent and hangs over them because of the insurance companies a lot of bad product on the market, and are subject to complex comparisons difficult. So much so that a layman can not realize that right now off or mugged, or the comparison is not fair.