Life insurance match for you and your Family?

Have many discussions about life insurance than regular life insurance for life for many years, but hard to say which type is better type. Here is some information to help you understand the difference between the two types of insurance.
Why is Life Insurance ?
Life insurance has periodically of the importance of it. If you have children or not have much cash, life insurance period can be a temporary solution is ideal to help protect yourself and family. If you must choose between no life insurance with anything the insurance exam life insurance period may be a choice best.

Life insurance is a regular on the insurance needs increase in a certain time and then decrease, such as the family grows. In addition, life insurance period are considered effective methods to help substitute for life insurance for life in the years necessary, for example, when family and financial responsibility to overcome other income .

In those cases, the life insurance to help get the cash compensation insurance without causing disorder family budget. Moreover, the amount of insurance can be converted (the insured may convert a contract of life insurance equivalent to life without proven health status), you can buy life insurance periodically necessary today ... and still have the ability to transition through life insurance for life in the future. Of this, life insurance periodically to meet the needs worthwhile.

Charges actual Life Insurance Dinh Ky
However, life insurance periodically have its defects. It is not appropriate for everyone or all circumstances. In the defects, it should be noted some points below:

* You must die new "winning". This may not hear very tuneful, but it is true. Life insurance to pay only the compensation insurance in a certain time. When the insurance period expires you will no more compensation money. And if you do not pay the premium, the cash compensation will also not valid. Only so simple.
* For example, you buy $ 500,000 insurance on a regular basis for 10 years and the contract will expire in the middle of the night this 31 months 12. If you die in 11 hours 59 minutes to 31, the 12 families will receive the full amount of compensation is $ 500,000. But if you die at 12 hours 1 minute morning of 1 1 the family will not be entitled to anything because the contract has expired.
* Buy life insurance period is the same as when you hire. When you are home, you all right to use the house and pay rent in full and regular. Even if you rent a house there for 30 years, you still do not own anything from the house.
* There is a very remarkable that when the insurance period expires and the health status of the owner is not covered anymore. Many of the insurance period can be converted through life insurance, and the other is not. But if the insurance period expires before the conversion you must apply from the beginning. At this time, if the health status of your disapproved you will lose money compensation.
* Insurance coverage insurance period will increase by each re-term, long-term costs will increasingly become a burden. Many people buy insurance on them periodically at age 20, when the price is just right. But when they are age 40 to the cost becomes high, and will continue to increase. Until they are age 50 to the cost becomes too large for life insurance. Finally, when they are age 60, they put the contract - not because they do not need insurance but because they can not pay up anymore. Meanwhile, those who buy life insurance for life can pay the premium at a higher initial purchase of life insurance with the same period an amount of insurance. But when they age to 50 or 60 years, the amount is not such a change. That is why the shift in the period is very important. And this feature exists only in a few years of the contract, and allow conversion through life insurance without having to prove health status. Conversion through life insurance to help "lock in" circulation must close and indemnity will never cancel the terms of the close of regular fees and in full.


Value of Life Insurance For Suốt
Life insurance is often life-long-term solution is best for many people. Here are some reasons why:

* For life insurance for life will be covered throughout the life provided that the premium must be paid. Only a few exceptions, if you are approved to buy insurance, the contract will not be canceled. Regardless of health status such as how money compensation insurance is in force.
* Although the premium initially quite high, but if you compare the length of time it is high again. Most contracts for life insurance are eligible to enjoy a share of money, money do not pass are guaranteed but if the company will announce.


Reference to Representative
Representative New York Life - experienced and the classes are trained professionals - can help you analyze your needs and make appropriate solutions through insurance products and financial. Click here to have discussions with representatives in New York Life provinces.

The offering documents (policies, contracts) for all New York Life and its subsidiaries products are available only in English. In the event of a dispute, the provision in the policies and contracts will prevail.
Documents (rules, contracts) and products by New York Life and branches of New York Life provided only in English. In case of dispute, the terms in the rules and used the official.