Polarlens.eu.org - No one in this world is capable of predicting the future. Therefore, the need for preparation in facing all kinds of disasters is an important trait that every person should possess, especially the younger generation.
The stigma that insurance is only for retirees should be eliminated because it is time for the younger generation to start preparing everything early for a bright future.
Did you know that there are many benefits of health insurance that we need to know? What are they?
Insurance Can Be a Reliable Financial Management Assistant
The millennial generation is known for their diligence and forward-thinking in preparing for the future. Unfortunately, this generation is also known for being less skilled in managing and planning their finances.
However, financial planning is crucial for millennials to be able to enjoy life in the future. One financial aspect that needs to be managed is the cost of medical treatment or the provision of income for their family if something happens to them.
Insurance can help minimize the high costs of medical treatment and ensure that the risks of illness and death are covered through insurance claims.
Imagine if you do not have health insurance, you will have to pay for your medical expenses out of your own pocket when you get sick. This will not be the case if you have health insurance.
Health insurance can provide financial security for you and your family in the event of unexpected illness or death.
In addition to health insurance, life insurance can also provide income replacement for your family in case something happens to you.
With insurance, you can focus on achieving your goals and pursuing your dreams without worrying about the financial burden that comes with unexpected events.
Having Insurance at a Young Age is More Beneficial
"Prepare your umbrella before it rains" - this proverb is very suitable for those who have a vision to prepare for their old age since they are young.
Likewise, insurance is only useful if the risks have not yet occurred, in this case, when you are young and healthy. As you age, the risk of getting sick or passing away increases. This makes insurance companies more stringent in selecting customers who are 40 years old and above.
Usually, this selection is done through a medical examination. On the other hand, if you apply for insurance at around 20 or 30 years old, there is a greater chance of being accepted by insurance companies. This is because at this age, people are generally still healthy and productive.
Getting insurance at a young age also means that you can enjoy lower premiums compared to those who apply when they are older.
This is because insurance premiums are calculated based on the level of risk of the customer, and at a young age, the level of risk is relatively lower.
By getting insurance early, you also have more time to save and invest in other areas that can help you prepare for your future.
Moreover, having insurance at a young age also means that you can protect your family's financial stability in case something happens to you.
With life insurance, you can provide a safety net for your loved ones and ensure that they are financially secure even if you are no longer around.
Starting Early Makes Health Insurance Premiums More Affordable
The saying "prepare for a rainy day" is fitting for those who have a vision to prepare for their future from a young age.
Similarly, insurance is only useful if the risk has not yet happened, in this case when you are young and healthy. As you age, the risk of illness and death increases. This makes insurance companies stricter in selecting customers over the age of 40.
Usually, this selection is done through a health check. Conversely, if you propose insurance at the age of around 20 or 30, the greater the chance you will be accepted by the insurance company. This is because at this age, people are generally still healthy and productive.
Starting Early Means Health Insurance Premiums are More Affordable
Having insurance at a young age will also make the premium you have to pay lower. This is because the risk of falling ill or dying when you are young is considered small.
This is different from when you want to take out insurance at the age of 40 or 50, insurance companies will charge higher premiums because the risk of illness and age of coverage is greater in this age range.
Health Insurance for Millennials Offers Many Benefits
Although the basic function of insurance is to provide protection if you are exposed to risks, there are many benefits that you can get from various insurance products on the market.
For example, now you can also find insurance that is also an investment, or what is known as a unit link.
In addition to providing protection, unit link also provides cash value that comes from the development of part of your premiums in investment instruments.
You can withdraw this cash value to meet financial goals such as wedding costs, down payments on cars, or leisure activities. In general, unit link insurance premiums are larger than pure insurance premiums.
There are still many benefits if you apply for insurance from a young age. Moreover, it is very good to prepare for a wonderful retirement from a young age.
That way, you don't have to worry about preparing for retirement because you have prepared for all possible worst-case scenarios.