6 Important Reasons Why You Should Take Life Insurance

Every insurance company must have a life insurance product. Even though its existence is known, there are still many people who are not interested in owning it. In Indonesia, smartphone users far exceed life insurance premium holders.

Less than 10% of Indonesians have insurance, compared to 90% of people who have gadgets. This is of course very sad, even though life insurance has many advantages.

Then how important is it to have life insurance? Especially with a large premium account every month, you must be wondering what are the benefits.

Want to know what are the benefits of life insurance? Come on, see the full explanation below.

6 reasons why you should buy life insurance

Some of the benefits of life insurance

1. Protect yourself from unexpected events

The main reason you have life insurance is its ability to protect you and your family against future events.

As long as you pay the premium every month, life insurance will protect you from the risk of unexpected events such as accidents, disabilities and other disasters.

2. As financial support

If you are the main source of income, then life insurance will certainly work in your favor. If you, as the backbone of the family, die in any way, then the amount of the premium you still pay can be paid and passed on to the remaining family.

Imagine if you don't have life insurance, then the family you leave behind doesn't have insurance money to continue living. Of course this will help them if one day something unwanted happens to the head of their family.

3. Can be used to pay off debts

Another benefit of life insurance premiums is that if you have a credit card or KTA and are in debt, your life insurance money can be used to pay off your credit card debt.

However, this does not guarantee that you will be able to pay off all debts, as it also depends on the amount you pay the insurance company each month.

However, at least the remaining family burden can be reduced by paying this life insurance. If there is a debt that has not been paid off, the balance will certainly be less than it should be, because it has been paid off in advance with insurance money.

Then, of course, the rest of the family would worry less about paying off their debts.

4. Force save

With life insurance premiums, you have to pay premiums over the long term. Of course, indirectly you are saving some of your income to pay for insurance.

This will make you more economical and smart in managing your finances and will make you save for the future. If enough money is provided for insurance, the family can start a business to generate new income.

5. Overcoming financial dependence

Being the backbone of the family, you can not only support yourself, but also support other family members. Of course this makes them very dependent on you. When something happens to you in the future, you naturally don't know what their fate will be.

Therefore, the life insurance premium that you and your family have can be the right financial product. This is due to the large value of life insurance premiums that can be used when the backbone of the family suffers from an unwanted disease that results in death.

6. Child education capital

The cost of education in Indonesia will increase every year. Of course this becomes a problem if there are no more, but there are still family members who are still learning.

If you have had life insurance for a long time, of course, the amount of insurance you can get and pay for will be higher if you are just starting out. Of course, with more guarantees, you can still continue your child's education, even if not in the future.