Personal Finance Essay

5354 words - 22 pages

A. Estimating Your Life Insurance Needs

Alasan kita membelli asuransi jiwa ialah sebagai tavungan dan memberikan jaminan finansial kepada orang yang bergantung pada kita. Kita juga harus mengevaluasi kembali kebutuhan asuransi jiwa kita setiap 3 tahun sekali. Juga, menghitung kembaliu ketika kita mengalami perubahan yang signifikan atau adanya kelahiran seorang anak atau pembelian rumah.

1. Transition Fund

Biaya yang harus dibayar saat kematian dan segala utang yang mau dilunasi saat tersebut.

a. Funeral and Burial Costs

Harganya dapat bervariasi, tergantung style kita.

b. Estate Taxes

Pemerintah mungkin dapat memungut ...view middle of the document...

e. Menghitung ukuran maintenance fund

Kita harus mempertimbangkan inflasi karena dengan inflasi biaya bulanan akan meningkat dari waktu ke waktu, maintenance fund akan diinvestasikan dan memperoleh interest return dimana kita harus mengestimasi real rate of return. Semakin besar real return expected pada maintenance fund, semakin sedikit dana yang dibutuhkan.

3. Specialized Funds

a. Emergency Fund

Disiapkan 3-6 bulan dari biaya hidup survivor. Jika sebagian besar biasaynya dijamin oleh benefit survivor, pengalian dengan angka 3 cukup.

b. Educational Fund

c. Retirement Fund

Ketika kita mengalikan annual deficiency dalam support dengan 20 tahun, kita mendapati estimasi yang layak atas jumlah yang dibutuhkan sebagai retirement fund, dengan asumsi retirement pada usia 65 tahun.

4. Insurance Protection Gap

Sumber pendanaan dapat termasuk:

a. Financial investments

Harus dihitung preset value-nya setelah pajak, termasuk portfolio pribadi, jumlah total distribusi dari rencana pension.

b. Tangible goods

Kita mungkin mempunyai barang di dalam keluarga yang sudah tidak diperlukan. Dapat dihitung pada harga pasar setelah pajak dan biaya jual.

c. Life insurance

Face amount dari policy kita saat ini, dikurangi outstanding loan pada policy itu, sebagai dana yang tersedia untuk dukungan hidup masa depan.

Pendanaan yang dibutuhan dikurangi sumber pendanaan ialah kebutuhan survivor yang belum didanai.

B. Special Language of Life Insurance Policies

1. Basic Policy

a. Face amount

Face amount dikurangi utang yang beredar pada policy itu ialah jumlah yang dibayarkan saat kematian kita.

b. Cash and surrender Value

Cash value sama dengan savings yang diakumulasi selama masa hidup kontrak policy. Insured bisa meminjam pada policy’s cash value dengan interest rate yang dispesifikasikan dalam policy atau yang di-set secara periodic oleh perusahaan asuransi. Surrender value ialah jumlah yang dibayarkan pada policyholder ketika coverage telah habis. Surrender value sama dengan cash value ditambah surrender dividend, dikutangi outstanding loans dan surrender charges.

c. Lives Covered

Single life policy mengcover single life dan dapat dibayarkan pada akhir hidupnya. Joint life policy mengcover lebih dari satu nyawa dan dibayarkan pada kematian yang pertama. Survivorship joint life mengcover lebih dari satu nyaawa dan membayarkan pada kematian yang terakhir. Family policy mengcover beberap anggota keluarga dalam satu kontrak.

d. Premium

Pembayaran periodic kepada perusahaan asuransi.

e. Dividend

Mutual insurance company menerbitkan participating policy dan stock insurance company menerbitkan nonparticipating insurance. Participating...

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