Life Insurance consists of
various types of products, each of which has different benefits to meet a
variety of needs and skill levels of society. Basically there are two types of
life insurance are traditional insurance and unit-linked insurance (modern).
Term life insurance Life
(futures) and Whole Life insurance (whole life) is included in the traditional
life insurance. Before deciding to choose life insurance products where
appropriate, we should first adjust to our needs.
Term Life Insurance (Life Insurance)
usually required by
potential insurance policy holder:
· Requires temporary
protection (long time)
· It has a small income but
need maximum protection
· Interested in maximum
protection with low premiums
Whole Life Insurance (Life
Insurance)
usually required by
potential insurance policy holder:
· Want to prepare a will
· Requires financial
protection for the long term
Seen from the above
explanation it is clear that both types of insurance have different
designation, therefore it is better if you consider well and adjust to the type
of insurance you need to be selected.
