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In the financial needs of families, served as the basic insurance that protects the family finances when things happen that are not unexpected but it could happen. The higher the lifestyles and economic levels has been achieved, a significant and increasingly important insurance benefits be felt in times of disaster occurs.

However, when and for what amount of life insurance that need to be taken? This is always a question that is difficult to explain. In many cases, people think that he can think long beforehand, because the same thing taking life insurance today or tomorrow, or next month. It was no different. True?

Important factors on which the Advisory
Actually there are a few things to see and influential, where considerations of time into things that are also important. Let’s see what the influential factors in the decision taking Life Insurance.

1. The first consideration relates to the age and condition of the body. There are some things we need to know, that is the ’set age’ to be considered. The first criterion is the age of 15 years; within this age limit, calculating the cost of premiums from age 1 to 15 more or less the same. Very little difference between children aged 6 years to age 12 years in mortality costs, but once the age of 16 years, the premiums started to rise. But the increment is still not too big.

More obvious differences arise in the age limit of 45 years, where once the age of 46, premiums rose higher, and increased more rapidly. In addition there are also set age where a medical examination should be conducted, among others, when the age of 50 years. Insurance costs (Cost of Insurance) at the age of 50 years or more were significantly higher than the previous ages.
The first of these considerations, it appears that it is better to take at a younger age, then increased according to the economic value of the construction.

2. The second consideration is the change in insurance costs. Previously need to be understood, that insurance is an insurance charge each month from the premium reserve or the accumulated value of customers. It consists of the cost of insurance premiums based on mortality and the calculation of the fees charged by life insurance companies. Here we also find a condition that depends on time and circumstance.

Life insurance companies get such benefits from the investments made, both in money markets, bonds or other securities. At the moment the results are not good investments, insurance companies are forced to swallow losses on investments. If the condition is prolonged, it is likely that insurance companies are forced to raise insurance costs. However, these costs are not subject to old customers, but new customers with a new policy. So, could have similar products in its benefits, but insurance costs differ among policyholders who made last month with a policy that is made now.

From these two considerations, it seems that the opportunity to take the product with lower costs are limited. Viewing the current economic situation where low interest rates, it is better to take prompt older products are still marketed to get the ‘old prices. “

3. The third consideration is the lack of opportunities in marketing. At the time the market declines, as in stock anywhere, is the best time to buy. Currently, the life insurance industry experienced a significant slowdown after experiencing a boom during 2006 and 2007.
If previously there was a commission agent-oriented to maximize the obtainment because it easy to get customers, right now given service is better and more profitable. This is felt especially on unit-linked life insurance, because the composition of the acquisition cost is lower than the top-up investment. For agents, this policy is to give a smaller commission, but he was still able to produce and meet sales targets.

Third base is expected to facilitate consideration of the above you decide when to take life insurance. Wait what?