Choosing the right insurance is very important, to prepare for a better future.
However, if we have entrusted and paid premiums regularly, it turns out that the funds provided are not as expected, it will cause a sense of disappointment.
Then, how to choose the right insurance?
Financial Planner from the Advisors Alliance Group Andy Nugroho said insurance products from several companies have similar offerings and features.
Therefore, before choosing the right insurance company, Andy reminded to understand several important points so that potential customers do not feel cheated by the insurance funds provided.
"Insurance products from various companies are actually similar, more or less the same features and benefits offered," said Andy
Here are tips from financial planners, how to choose the right insurance:
1. Buy an insurance policy out of necessity
Andy said, buying an insurance policy because you really need it, not because you feel bad about the agent or marketing that offers it.
2. Choose an agent who understands the product
If there are many agents or marketing who make offers, then choose an agent who does have good qualifications in terms of knowledge or understanding of the product.
Andy said, although not always and cannot be generalized, the way to identify a qualified usually by knowing whether they have a financial planning certification degree such as CFP, RFP, QWP, AWP, or other certification degrees.
"Another way is to find out whether they have reached the Million Dollar Round Table (MDRT) title, which is a title for those who have reached a certain number of sales or not," said Andy.
3. Buy insurance according to your needs and financial ability
Because, if it turns out that the protection benefit is too small, it may not protect the customer's needs, and if it is too large it will make the customer pay too much for the protection that he does not need.
4. Ask for product illustrations
When a product is offered and it fits your needs, ask for an illustration of the product and ask to explain how the product works.
If you don't understand the explanation given or feel you need an explanation about the contents of the product illustration from a more neutral party, ask for input from people who are considered knowledgeable about insurance products, or if you don't have one, you can ask a Financial Planner, for example via direct messages on social media.
5. Request a 3-5 year insurance scheme
When we buy life insurance, ask for a sum assured scheme of 3 to 5 years or a minimum of 36 times our monthly income.
This is so that if there is a risk to us, then at least our heirs have a long enough time to recover their financial condition.
Even so, it is also necessary to pay attention to the amount of premium to be paid.
6. Make sure you can pay the premium
Because insurance is a long-term contract, make sure we are able to pay the premium until the end of the contract period.
The goal is not to mind financially in paying premiums in the future, the allocation of income to pay insurance premiums ranges from 5-10 percent of our monthly income.
7. Ask the agent to explain the benefits of the product
When we agree to buy an insurance policy and the policy book is ready, ask our agent/marketing to re-explain what benefits or benefits we have as stated in the policy book.
If you feel the need for a more neutral opinion, you can ask and cross-check the policies that we have by contacting the insurance company's customer service, or ask the opinion of people who we think understand better.
In addition, as customers, we have the right to rethink the program we are participating in and even cancel it within 14 calendar days from the receipt of the policy book.
"So if the policy book has been received and we change our minds, then we can cancel the policy and the premium will be returned with deducted admin fees," said Andy.
8. Do a policy review at least once a year
Adjust it according to our needs in anticipation if there are needs and our financial conditions have changed over time.
Keyword : insurance policy, insurance companies , insurance agent online, insurance, insurance life ,insurance, life insurance ,insurance companies ,in become an agent insurance ,business market insurance ,work insurance, best insurance, become a life insurance agent ,get insurance insurance ,benefits insurance agent commission, company insurance, you insurance ,service insurance agency insurance, services life insurance agent, insurance protection ,become an insurance agent online ,insurance agent insurance ,agent job
EmoticonEmoticon