Hold your insurance policy

Read carefully the contents of the policy agreement

Why should you hold your insurance policy ?, and do not stop it before the contract expires. The facts show that the insurance and reinsurance industry is a global industry that has a role and important function in the modern economic era.

The dynamics of the crisis hit economy in the world does not interfere with the mechanism and process of risk transfer between individual customers and corporate customers with insurance companies.

This fact shows that the strong insurance and reinsurance market still operate as normal. Business model and risk management system of insurance and reinsurance industry continues to grow. This allows the insurance industry to work and operate effectively in the midst of crisis. Conditions in so many uncertainties, and the mechanism of risk transfer becomes more important. The correlation between the importance of the role of the insurance industry in the world with the awareness you learn in any insurance to be essential.

Your actions in life insurance policies purchased as part of financial planning is a family company and the steps that are important and strategic. Next, hold the policy that you have so that policy can work and protect all families and companies the most. This step is very important to overcome the financial risk that the large and complex in the future.

Anticipating the current crisis

Perhaps, as one who needs urgent or other conditions, you are looking for solutions to reduce expenditure in the current financial crisis currently. If the solution is to cancel your insurance policy that is running, it is suggested that you re-consider these solutions. Why?

Cancellation policies that are currently running four consequences can cause you harm. First, when you cancel an insurance policy and later you wish to take the insurance policy on the future opportunity, it can be ascertained that you will be asked to do the medical examination again.

Statistics show that over the age of increasing the health status worsened. Or, the health conditions in the future rather worse condition at this time. As a result, you will pay a more expensive premium. Or, you do not even feasible at all to buy an insurance policy so that financial risk in the future become a burden on your own.



Second, the amount of insurance premium you pay will automatically increase in line with the increasing of you age. In fact, the premium rate you pay at this time may not be enough later on when you buy the same insurance policy with the same guarantee.

Third, the general insurance policy has a clause incontestability. Its essence, after a life insurance policy to run a year-round (usually 2 or 3 years), insurance companies will not make a contest to claim that you submit, unless your premium payment is delayed. If you cancel your policy at this time, and later you will buy the same insurance policy, your policy will be forced to a new experience a new period incontestability.

Fourth, certain types of policies charge if you cancel the policy before the maturity date. That is why, before you intend to perform the cancellation policy you have, so consult with your insurance agent.

Once you are familiar with an insurance policy, policy is still inherent in you and your family for the welfare and happiness in the future. How about you that is not currently use insurance? Or, for the urgency to which you are currently considering to equip themselves with life insurance policy?

Before all late, especially in the period of crisis such as this time, you need to take a decision immediately to protect themselves, family, and with a life insurance company. There are at least two reasons not to delay the purchase of life insurance policies, namely (1) the risk of the emergence of death, misfortune and evil in unexpected, (2) your health condition is very influenced by the factors age and health history.

First, you never can foretell when the occurrence of death, misfortune and evil in this life around. Series of events that can occurs immediately and often without any previous command. With the mechanism of insurance, financial risk is transferred to insurance companies and will then be shared with the reinsurance company.

Insurance company will pay insurance money to fix the problem is financial. Second, the condition of your health at this time is related to age and health history. When you delay the decision to buy insurance for several years to come, automatically the size of the premium to be paid on the next few years to become larger as the age increased. That is why, immediately decided to buy a life insurance policy for the welfare of you and your family.