Life insurance can be a good financial planning and important tools in some conditions as it may replace income for dependents, pay final expenses, create an inheritance for your heirs, and create a source of savings.
In many cases, life insurance is packed together with other type of insurance.
Basically there are two types of life insurance;
- term insurance
This is the simplest form of life insurance. It will pays only if death occurs during the term of the policy and usually does not have any other benefits. - Long Life / permanent
It will pay a death-benefit whenever you die – even if you live to 100years.
Some life insurance might require medical check up before you can buy it.
GROUP RETIREMENT PLANS INDONESIA
A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. Retirement plans may be set up by employers, insurance companies, or the goverment. Retirement plans are more commonly known as pension schemes.
GROUP TRAVEL INSURANCE INDONESIA
A vacation may cost quite a lot that it is important to have the proper insurance protection. There are four major types of travel insurance;
- Trip cancellation insurance
This would reimburse your vacation is cancelled because tour operator goes out of business, you get illness or another calamity listed in the policy - Baggage Insurance or Personal Effect Coverage
This would provide coverage if your personal belongings are lost, stolen or damaged during the trip - Emergency Medical Assistance
This provides insurance and medical assistance for travellers. - Accidental Death
This provides a variety of coverage if you or a family member die on the trip
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