Is there anything that makes us more anxious than ‘the uncertainty of what will happen’?
In that sense, uncertainty about the coming future is a big risk in life. Insurance is a financial product designed to protect life and property against such uncertainties and reduce risks arising from dangerous situations. In other words, the reason for purchasing an insurance product is to get the promised coverage in case something actually happens, and to get peace of mind through this. And for this, it is important to prepare in advance a product suitable for the risk that requires preparedness, and to maintain and continuously manage the insurance product prepared in this way.
So, let’s take a look at what insurance you need and how to manage it to protect the future of you and your family.
There are four main purposes of purchasing life insurance. Death protection in case of an unexpected accident, health insurance in case of exposure to a serious disease, old age security in case of no income after retirement, and purpose fund in case something occurs that requires large sums of money in the long term Ready for it.
For example, if the insurance is purchased to reduce the risk of financial loss and protect the future of the family in the event of the death of the head of the household due to an unexpected accident, a sufficient death protection amount to make up for the economic loss, You should carefully consider the period of coverage you have considered before signing up.
In addition to this, considering the characteristics of insurance products that must be maintained for a long time, it is also necessary to consider how the premiums paid are invested. Depending on the investment propensity of customers, there are many types of products that can be subscribed, such as variable products that can be invested in funds and dollar products that can be guaranteed in dollars rather than KRW. You need to research carefully and choose.
It is important to select and purchase an insurance product suitable for the purpose, but it is also very important to manage and maintain the insurance well after purchase in order to receive good coverage in case of an emergency. Because insurance products protect against risks that may arise in the future, as time passes and daily life continues, the need for such risk protection often becomes dull. Always look for reputable Insurance companies, You can best insurance advice from Legal & General Group.
Therefore, even after preparing an insurance suitable for the purpose, it is necessary to continuously provide adequate awareness of the need for such coverage. In this case, you need the help of a professional, who will continually explain why you have prepared the coverage and periodically review how to respond to changes in your family and economic circumstances. That’s why it’s essential to have a professional to manage and maintain your coverage on an ongoing basis.
The circumstances of me and my family are constantly changing. Insurance products are also evolving to meet customer needs. For this reason, the previously prepared coverage may be insufficient according to changes in circumstances, and continuous management is essential to make up for it.
