Saving Money on Insurance
Insurance … do not merely pay ah lucky. That was the comment about most people, if we ask about insurance.
But this view is a view that does not have spoiled a strong foundation for the current insurance has a financial program that is very good, very attractive, safe and complete. Why? Because the life insurance currently has a special savings program known as link units.
What is the link units? Basically it is a unit-linked investment or savings in the form of managed mutual funds but have the advantage of the protection element. Because merits the protection unsure, then the unit is an optional link that is almost mandatory for almost all citizens in Japang and the U.S..
The idea of this investmen is, this investment gives advantages in accordance with the selected mutual funds. Some of the profits or interest of this fund will be used to cover the insurance costs that will not much when compared to the interest we earn. If these investments have matured, typically serving between 2 - 5% of the flowers will be used to cover the remaining portion of insurance premiums will be played. So for example a program in a given year to give back 12% yield, then our net profit to 7 - 10%. Then why protection necessary? For example someone used to save money in mutual funds amounting to Rp. 500,000 for one year, but in the early years of the second person needs USD 100,000,000.00 for stroke or total permanent disability then chances are people will not be able to save more in the future will even into debt or bankruptcy. In this condition the link unit provides an invaluable gift for that person because if the same money stored in the form of unit-linked savings that provide protection for Rp 200,000,000 then he will be able to get the money it needs to be even richer by USD. 100,000,000. So we can say that the advantages of this instrument can help minimize our personal risk because you never know, and we do not have a contract with God that we will be forever immune to critical illness, total permanent disability or death. Of course, the link unit also provides the flexibility of time withdrawal. This means that funds can be taken at any time.
Tags: financial program, insurance, link units, profits, save money, savings