INDIVIDUAL INVESTOR LIFE CYCLEFinan

INDIVIDUAL INVESTOR LIFE CYCLE
Financial plans and investment needs are as different as each individual. Investment needs
change over a person’s life cycle. How individuals structure their financial plan should be related
to their age, financial status, future plans, risk aversion characteristcs, and needs.
Before embarking on an investment program, we need to make sure other needs are satisfied. No
serious investment plan should be started until a potential investor has adequate income to cover
living expenses and has a safety net should the unexpected occur.
Insurance Life insurance should be a component of any financial plan. Life insurance protects
loved ones against financial hardship should death occur before our financial goals are met.
The death benefit paid by the insurance company can help pay medical bills and funeral expenses
and provide cash that family members can use to maintain their lifestyle, retire debt, or invest for
future needs (for example, children’s education, spouse retirement). Therefore, one of the first
steps in developing a financial plan is to purchase adequate life insurance coverage.
Insurance can also serve more immediate purposes, including being a means to meet longterm
goals, such as retirement planning. On reaching retirement age, you can receive the cash or
surrender value of your life insurance policy and use the proceeds to supplement your retirement
lifestyle or for estate planning purposes.
You can choose among several basic life insurance contracts. Term life insurance provides
only a death benefit; the premium to purchase the insurance changes every renewal period. Term
insurance is the least expensive life insurance to purchase, although the premium will rise as you
age to reflect the increased probability of death. Universal and variable life policies, although
technically different from each other, are similar in that they each provide both a death benefit
and a savings plan to the insured. The premium paid on such policies exceeds the cost to the
insurance company of providing the death benefit alone; the excess premium is invested in a
number of investment vehicles chosen by the insured. The policy’s cash value grows over time,
based on the size of the excess premium and on the performance of the underlying investment
funds. Insurance companies may restrict the ability to withdraw funds from these policies before
the policyholder reaches a certain age.
Insurance coverage also provides protection against other uncertainties. Health insurance
helps to pay medical bills. Disability insurance provides continuing income should you become
unable to work. Automobile and home (or rental) insurances provide protection against accidents
and damage to cars or residences.

Hasil (Bahasa Indonesia) 1:

SIKLUS HIDUP INVESTOR PERORANGANRencana finansial dan kebutuhan investasi yang berbeda seperti setiap individu. Kebutuhan investasimengubah selama siklus hidup seseorang. Bagaimana individu struktur rencana keuangan mereka harus berkaitanumur, status keuangan, rencana masa depan, risiko keengganan characteristcs, dan kebutuhan.Sebelum memulai program investasi, kita perlu memastikan bahwa kebutuhan lainnya puas. Tidakrencana investasi yang serius harus dimulai sampai calon investor memiliki pendapatan yang memadai untuk menutupihidup pengeluaran dan memiliki jaring pengaman harus yang tak terduga terjadi.Asuransi asuransi jiwa harus komponen rencana keuangan. Asuransi jiwa melindungiorang-orang terkasih melawan kesulitan keuangan harus kematian terjadi sebelum tujuan keuangan terpenuhi.Pertanggungan yang dibayarkan oleh perusahaan asuransi dapat membantu membayar tagihan medis dan biaya pemakamandan memberikan uang tunai yang dapat menggunakan anggota keluarga untuk mempertahankan gaya hidup mereka, pensiun utang atau berinvestasi untukkebutuhan masa depan (misalnya, pendidikan anak-anak, pasangan pensiun). Oleh karena itu, salah satu yang pertamalangkah-langkah dalam mengembangkan rencana keuangan adalah untuk membeli asuransi cakupan.Asuransi juga dapat melayani tujuan langsung yang lain, termasuk menjadi berarti untuk memenuhi jangka panjangtujuan, seperti perencanaan pensiun. Mencapai usia pensiun, Anda dapat menerima uang tunai ataumenyerahkan nilai polis asuransi jiwa Anda dan menggunakan hasil untuk melengkapi pensiun Andalifestyle or for estate planning purposes.You can choose among several basic life insurance contracts. Term life insurance providesonly a death benefit; the premium to purchase the insurance changes every renewal period. Terminsurance is the least expensive life insurance to purchase, although the premium will rise as youage to reflect the increased probability of death. Universal and variable life policies, althoughtechnically different from each other, are similar in that they each provide both a death benefitand a savings plan to the insured. The premium paid on such policies exceeds the cost to theinsurance company of providing the death benefit alone; the excess premium is invested in anumber of investment vehicles chosen by the insured. The policy’s cash value grows over time,based on the size of the excess premium and on the performance of the underlying investmentfunds. Insurance companies may restrict the ability to withdraw funds from these policies beforethe policyholder reaches a certain age.Insurance coverage also provides protection against other uncertainties. Health insurancehelps to pay medical bills. Disability insurance provides continuing income should you becomeunable to work. Automobile and home (or rental) insurances provide protection against accidentsand damage to cars or residences.