Know the Life Insurance - Life insurance is a diversion or transfer of risk (risk shifting) the financial loss (financial loss) by the insured to the insurer. Insured is meant here is the participants and the insurance is the insurance underwriter. Risks that the insurer is not delegated to a person's risk of loss of life but the financial losses due to the loss of one's soul or because it reaches old age that no longer productive.
In the article explained that the value of life insurance a person is reflected in the magnitude of protection or rather the amount of the sum insured (sum insured) or UP, UP is theoretically the amount determined in accordance with the economic value of a person's life, it is intended to prevent UP too large (over insured) or the number of UP too small (under insured).
In life, we are always faced with the possibility of the occurrence of events that may lead to the loss of or reduction in economic value, thus causing harm to themselves, their families or anyone else with an interest.
Events - events that may pose risks, among others:
a) Passed away (death) either natural (natural death) or died at a young age can be caused by illness, accident (accidental death) and others.
b) Disability agency (disability, invalidity, incapacity) because of illness or accident
c) The loss or decline in health status (loss of health)
d) Old age or old age
Life insurance generally only manage risk in points (a) and clause (d), while point (b) and (c) is usually managed by the types of health insurance, but it will add life insurance coverage as a rider or additional.
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