ShieldLife, for you to feel relieved when you leave… Life insurance that ensures a carefree life.
People live life in various roles and have many responsibilities, including work and family. Some may be the breadwinners, taking care of their household. If risks are not managed and something unexpected happens, it could leave a burden of debts and responsibilities for those left behind.
Plan your life today and be prepared with ShieldLife, a helping hand for your peace of mind from Muang Thai Life Assurance. If something unexpected occurs, the coverage amount will be transferred to your family quickly, allowing them to move on without burden. ShieldLife ensures that no one is left with the weight of responsibilities when you are gone. Let's take a look at the types of ShieldLife policies from Muang Thai Life Assurance.
- What is life insurance?
- How many types of life insurance?
- ShieldLife, for you to feel relieved when you leave
What is life insurance?
One of the most important types of insurance to consider is life insurance. Life insurance provides financial support for your loved ones in the event you are not around anymore. It serves as a way to plan your estate and ensure that a lump sum of money is available to help relieve financial burdens. These burdens can include mortgage debts, car loans, business debts, credit card debts, and other liabilities. Additionally, it can provide funds for your children's education or help your family start new ventures without worrying about impacting their savings.
Life insurance is an insurance contract that specifies a certain sum of money to be paid upon the policyholder's death or permanent total disability, or if the policyholder survives until the end of the policy term. The life insurance company agrees to pay the specified amount to the policyholder or the beneficiaries designated in the life insurance policy.
Life insurance is a type of insurance in which the purchaser, or "the insured," must pay premiums as specified in the policy to the life insurance company. This is to purchase death coverage within the specified period. If the insured survives until the end of the contract period specified, the insurance company will pay a certain amount of money, or "the sum insured," to the "beneficiary," who is the person the insured has designated to receive benefits in the event of their death. Multiple beneficiaries can be designated, with varying percentage shares of the benefit. Typically, children, spouses, or parents are named as beneficiaries.
Additionally, life insurance comes with various coverage conditions, which primarily depend on the suitability for the insured. If the insured opts to purchase riders for disability, health, critical illnesses, and accidents, they will also cover the loss of limbs, disabilities, injuries, or illnesses. Therefore, before purchasing a life insurance policy, one should thoroughly study the coverage details and conditions each time.
How many types of life insurance?
Life insurance can be divided into two main types: basic life insurance, such as term insurance and whole life insurance, and special life insurance, such as universal life insurance. Each type of life insurance offers different coverage and benefits, so we should choose the type of insurance that suits our needs.
ShieldLife from Muang Thai Life Assurance is a tool that helps you pass on an inheritance for your family as you wish. It helps build a lump sum of money, plan for inheritance, or use as a fund for your children's education. ShieldLife assists you in financial planning and creating future stability with life insurance plans that meet your needs, as follows:
Term Insurance
Term life insurance is a type of insurance that provides coverage for a limited period. The life insurance company will pay the beneficiary only if the insured dies within the specified coverage period, such as 1 year, 5 years, 10 years, or 15 years. If the insured survives beyond the coverage period, the contract will terminate, and the insured will not receive any compensation.
Term life insurance does not include a savings feature, so the premiums are lower than other types of insurance. It is suitable for those who want to focus on obtaining coverage but have a limited budget.
Whole Life Insurance
Whole life insurance is a type of insurance where premiums are paid for a certain period, but it provides long-term life coverage. The insurance company will pay the specified amount to the beneficiary when the insured passes away. If the insured lives until the end of the contract term, the company will pay the insured according to the policy's conditions.
This type of long-term coverage makes whole life insurance suitable for those who want to plan for the future of their family members or those who are the main providers for their families. It is a way to plan for inheritance and to provide a lump sum as a reserve fund for household expenses, debt repayment, children's education, and more. Purchasing whole life insurance is a way to ensure financial security for our loved ones if we pass away.
Universal Life Insurance
This life insurance meets your needs by guaranteeing a minimum return rate and offering high coverage options. It allows you to create a long-term financial plan, ensure stability for your loved ones, and enjoy tax deduction benefits.
ShieldLife, for you to feel relieved when you leave
Planning for the future by purchasing ShieldLife Insurance is not just about passing on a lump sum or planning an inheritance for the family. In fact, life insurance comes in various forms of coverage, which we can choose according to our needs and age.
If we are in the working age, building a foundation to plan for our retirement, or if someone is the main provider for their family and needs to support the household, it is even more crucial to plan with life insurance. In the event of unexpected incidents such as illness, accidents leading to disability, or death, we may be unable to work and care for our family. It can be said that if the main provider falls, the entire household might collapse. Having life insurance acts as a financial safeguard, alleviating worries about future debts and responsibilities.
Enjoy a worry-free life with Shieldlife from Muang Thai Life Assurance.
- Plan an Inheritance for Your Family
Planning an inheritance with life insurance is an effective way to provide financial security and peace of mind for your family, especially for the head of the household who needs to take care of everyone. Paying the annual premiums is a wise use of your earnings because, in the event of your untimely death, the life insurance will become a financial guarantee for your family to continue living their lives in the future.
👉 Read more here: M.L. Parsans’ Plan to Mitigate Risks and Secure a Stable Future for His Daughters
- Create a Lump Sum for Financial Liquidity
You can live worry-free by planning with life insurance. In the event of an unexpected incident leading to an untimely death, the coverage amount will be quickly transferred to your family. The premiums you paid will become a lump sum for your family to use immediately, ensuring their financial liquidity remains stable even in your absence.
- Help Relieve Debt Burden, Leaving No Burden for Anyone
Everyone wants to take care of their family in the best way possible, including household expenses, healthcare costs, and saving for the future. You can provide financial security for your family by purchasing life insurance. Allocating a small amount for premiums can ensure financial stability for yourself and your family. The money you pay will eventually become a guarantee for your loved ones in the event of your death, helping with financial liquidity and relieving debt burdens such as mortgage, car loans, business debts, and other liabilities. Planning with life insurance reduces the financial risk for your family and spouse, ensuring no debt burden is left behind if you pass away.
👉 Read more here: Good Life Plan for the Breadwinners
- Fund for Children's Education or Initial Capital for Starting a Business
As parents, it's essential to plan finances to cover all aspects as expenses for raising children include daily living expenses, food, medical expenses, and especially the tuition fees from kindergarten to university, which require a significant amount of money. If financial problems arise or an unexpected event occurs, resulting in one parent's death, the responsibility of raising the children might fall on the other parent, potentially causing financial liquidity issues.
Therefore, parents should plan with life insurance to secure a lump sum for their children's education, ensuring they can continue their studies even after the parents are gone. If the children have completed their education, the funds can be used to start new businesses, creating career opportunities and income for their future.
👉 Read more here: 4 Ways to be a Good New Parent
Buying life insurance might be seen by some as a way of cursing oneself, but in reality, it is about using "life" pass on an inheritance for those left behind. This ensures they won't face financial difficulties when we are gone. Therefore, we need to manage risks so that if anything happens, our family and loved ones can move on without hardship.
Prepare with ShieldLife It helps you create and plan an inheritance for your family. If the unexpected happens, the coverage amount will be quickly transferred to your family. This can be used for your children's education, allowing them to pursue their passions or start their own business. Your family can continue moving forward and live the life they desire.
ShieldLife, to feel relieved when you leave, from Muang Thai Life Assurance
- Choose life insurance coverage amount of your choice.
- Choose to pay premiums flexibly, whether short-term or long-term.
- The entry age is up to 90 years.
More information:
☑️ Call Tel. 1766, available 24/7.
☑️ Contact life insurance agent or Kasikornbank or Land and Houses Bank branches.
- In case the beneficiary is not specified in the policy, or specified but the beneficiary predeceases or dies simultaneously with the insured, the Company will pay benefits to the insured’s estate.
- ShieldLife is the marketing name for whole life insurance, tern life insurance and universal life insurance.
- Coverage conditions are as specified in the insurance policy.
- Underwriting is subject to the Company’s rules.
- Premium is eligible for tax deduction. Conditions are as specified by the Revenue
Department. - Please study the details of coverage, conditions and risks before making a decision to purchase insurance.