Questions to Ask Before Buying Non-Medical Life Insurance
Non-medical life insurance is a type of insurance that provides financial protection against the risk of death or permanent disability resulting from an accident or illness. Before buying non-medical life insurance, there are several questions you need to ask an insurance agent or insurance company to ensure that you choose the right product according to your needs and financial condition. Here are some questions you need to ask:
You need to ensure that the non-medical life insurance product you choose provides protection according to your needs. There are several types of protection that can be offered, such as protection for death and permanent disability due to accidents, as well as protection against the risk of critical illness.
Some non-medical life insurance products have a certain age limit to purchase the product. Make sure that your age is still eligible to buy this non-medical life insurance product.
Premiums are fees that must be paid every certain period so that the insurance policy remains valid. Make sure that you understand how much premium you have to pay and how long the payment period is. This will help you plan your finances better.
Some non-medical life insurance products have an extended term clause that allows you to extend the term of the policy by paying an additional premium. Make sure that the non-medical life insurance product you choose has this clause if you want to extend the policy in the future.
Make sure that you understand the exclusion clauses on the non-medical life insurance product you choose. Exclusion clauses can limit the coverage provided by non-medical life insurance products in certain situations, such as accidents caused by drug or alcohol use.
Several non-medical life insurance products have a premium refund clause if the policy is not used during the validity period. This can be an advantage for you if you do not experience the risk of death or permanent disability during the validity period of the policy.
By asking the questions above, you will be able to choose a non-medical life insurance product that suits your needs and financial condition. Apart from the questions above, there are several other important things that you need to consider before buying a non-medical life insurance product, including:
Before buying a non-medical life insurance product, you need to evaluate your insurance needs. Consider factors such as the number of family dependents, the amount of debt, and living expenses that must be met each month. This will help you determine the right amount of coverage to meet your insurance needs.
Before buying a non-medical life insurance product, you need to undergo a medical examination first. It is important to determine whether you have certain health risks that may affect the premium or protection coverage provided by non-medical life insurance products.
Before buying a non-medical life insurance product, make sure that the insurance company you choose has a good reputation and is registered with the OJK (Financial Services Authority). You can also check the performance of the insurance company from a financial and customer service perspective to ensure that the insurance company can provide good and professional service.
Some non-medical life insurance products can be equipped with additional insurance benefits, such as health insurance or investment insurance. Consider these additional benefits if you need additional protection for health conditions or want to invest your money.
In buying non-medical life insurance products, make sure that you choose the right product according to your needs and financial condition. Always pay attention to the details of the policy, including clauses, age limits, and additional benefits offered by the non-medical life insurance product you want to buy. By paying attention to these things, you will get proper and satisfying financial protection for your future and that of your family.
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