Insurance for single parent

  Protecting and meeting the needs of a family alone as a single parent is not easy. In addition to no one to be invited to discuss various things, single parents are also required to be able to have the ability to provide what is desired and needed by the family as well as those who still have a partner.

Difficult? Of course, but that doesn't mean you can't. Now all the needs even until the preparation for the future can be easily fulfilled. One of them is to have insurance.

Do you have a single parent?

Why is it mandatory for single parents? The answer is insurance is important for everyone, including single parents. Because insurance can help single moms / dad in covering costs for some needs such as children's education costs also include emergency situations such as treatment and hospitalization when sick and also compensation for children when they die.

More clearly, here are what types of insurance single parents should have to protect personal and family finances:

1. Life Insurance

In simple terms, life insurance is a type of insurance that aims to cover a person or family against unexpected financial losses due to the insured's death. In addition, there are some life insurance products that can even cover debts borne by their customers so that family members who are left behind do not need to bear it.

Because the benefits of life insurance itself are the main thing is to be able to protect the insured from various forms of disaster risk that may occur in the future. For example, the head of the family died as a result of an accident or any cause that caused loss of livelihood.

Single moms / dads can consider buying life insurance is another alternative in saving to be passed on to children or grandchildren later.

2. Health Insurance

Health insurance is a type of insurance product that specifically guarantees the health or care costs of insurance customers if they fall ill or have an accident.

So with health insurance, you single parents no longer need to worry about impromptu costs for treatment and hospital stays if there are family members who are sick or have an accident. All costs are covered by insurance.

You just need to find an insurance product that fits and suits the needs of the family. Do not forget to choose health insurance products with a cashless system so that you can be directly served without having to prepare funds in advance.

3. Education Insurance

In addition to health, the preparation must also be good, especially in terms of costs, is children's education.

According to research, the average increase (inflation) in the cost of education is 10-15% per year in Indonesia. With this high increase, of course, parents are required to be able to prepare it carefully so that the ideals of the baby can be achieved well because their educational needs are well met.

For that reason, so that constraints on the preparation of education costs can be minimized as little as possible education insurance becomes an important element that must be in the planning of preparation of education costs of each parent.

Education insurance is a type of insurance that provides protection for children's education in the future accompanied by investment. Another reason why it is important to have education insurance is because the cost of education continues to increase.

The main benefit of education insurance is that it can make parents have enough savings to pay dues when children enter school. In addition, there are insurance companies that continue to provide a living in the event of risks such as layoffs, accidents to disability until death.

4. Vehicle Insurance

For single mom / dad who has a private vehicle, of course, must have vehicle insurance. The point is of course to protect finances from unexpected events that can happen to your vehicle. Especially if the vehicle is used actively such as working and dropping off school children.

By having vehicle insurance, you no longer need to worry about creating an expense post or emergency fund for vehicle repair costs when it is damaged because the cost is already covered by insurance.

Have Insurance, Perfect Financial Planning

Sound finance is finance that has an insurance element in it. Maybe now the cost of monthly insurance premiums seems to be a burden in your current expense post.

But that can change instantly when risk occurs, where insurance becomes the main tool in protecting finances from bankruptcy and waste to cover costs that should come out when risk occurs.

So don't delay well to buy the insurance.