4 Types of family protection planning & bull; hello healthy

Anyone will do their best to make sure the family is financially secure. Money is like an important asset to run the wheel of life. But money isn't the only type of protection needed to keep life going no matter what.

You should also have some other form of family protection plan in place.

The easy step of having a family protection plan

The family is like a real home that provides genuine protection, affection and support. For breadwinners, it is certainly not easy to continue to provide protection and happiness so that the family is financially secure.

When it's financially secure, it's easy, of course, to plan your life for the next step. For example, children need several items that need to be purchased to make project school. The wife needs to have strong capital in managing the business. Or maybe you have other dreams for your family.

We need to realize that life must go on regardless of the risks. Nobody expected anything bad to happen to him. For example, because of an accident, the backbone of the family can no longer earn a living because of their physical and health conditions that are not supportive, or they die.

When this bad thing happens, it seems difficult for the family to rebuild its financial foundation from scratch.

So, there is nothing wrong with preparing a more mature family protection plan in anticipation of the worst conditions.

1. Have a savings account

Family protection planning can be started by having a savings account. This can be done by setting aside a minimum of 10 to 20 percent of total income. Apply this every month as a precaution.

Remember, these savings accounts should not be touched or tampered with at all. Let the number increase from month to month. Use this savings only in very emergency situations.

While implementing this simple plan, you can also teach children to start saving their pocket money. This also gives children an understanding of the importance of saving to realize their plans or if at any time they need money.

2. Start having deposits

In addition to savings, you can also have a deposit as a family protection plan. Usually, every bank has this program to provide better financial planning.

Time deposits are time deposits that cannot be tampered with within a certain time. Each bank has a different deposit rate. Customers also have a choice, whether the deposit interest will go into savings or return to deposits.

Choose the best plan when choosing deposits to keep your family finances protected. Don't hesitate to consult and ask what benefits you can get as a customer when joining the deposit program.

3. It's time to invest

Investing is another step to provide financial protection for your family. There are various types of investment, ranging from mutual fund investment, property investment, and gold investment.

Some people have started investing in buying stocks using apps on smartphones. Or you can also buy gold in a trusted company in gold trading.

Investments have significant financial benefits for you and your family. For one thing, when the stock of the fund increases, you can get more profit from buying and selling shares as well as dividends (net profit distributed) from the company in which you invest.

In addition, investing in gold is likened to a "savings" in the form of objects that can also be sold at any time in an emergency situation. However, don't forget to monitor the price of gold so that you can buy or sell it at the right time. For example, buying when the price of gold is low and selling it when the price of gold is high.

4. Bagging insurance

The last type of family protection planning is insurance. If you haven't pocketed insurance, this is the right time for you to register. The importance of having insurance is that it provides protection benefits from a health and financial perspective.

Don't forget to adjust the insurance benefits that are suitable as a family protection plan. Based on journal articles Plastic Surgery , try to choose insurance that provides comprehensive protection against the worst, such as death, total disability, natural disasters, or accidents. In the event of a bad event, the insurance company will provide a compensation fund according to the plan that has been agreed by the customer beforehand.

There are various types of insurance that offer special benefits. It's a good idea to choose insurance that offers comprehensive protection benefits, such as the following:

• Providing death or total disability benefits
• General benefits due to accidents
• Accident benefits due to natural disasters, general accidents, fire
• Benefits of traffic accidents for passengers or drivers of four-wheeled vehicles
• Hari Raya benefits due to holiday accidents
• Provides additional benefits due to accidents for heir policyholders

Every insurance has a program with a certain period and a certain premium fee. A term insurance program that offers comprehensive coverage. Usually there is a special calculation of the final benefit of insurance that will benefit from the cost of the premium that has been paid.

When choosing insurance, also determine the insurance period with the period of protection. Insurance usually provides several options for the period of protection, ranging from 5 years, 10 years, to 15 years. Customers will also get the end benefit of the insurance period which can be used as an investment in the future. Also make sure, you get a premium that remains valid throughout the life of the insurance.

You also don't need to worry too much when you have insurance, because of the anticipation that supports in bad situations. Start insurance as early as possible and try to have a plan like the one above, so that you and your family get optimal life protection.