Definition of Agribusiness; What is Agribusiness? “Successful Career & Opportunities”

Definition of Agribusiness
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Definition of Agribusiness — “How do people around the world know about biscuits, ice cream, milk, cheese, sweets, and many other foods? How do they get it every day, while the items they need are imported goods?”. It’s all because of the strength of supply chain management and logistics strategies applied to the agribusiness industry in the world. This management strategy identifies the problem, analyzes it to be able to provide a solution to the problem.

Let’s get to know agribusiness and food supply chain management and logistics!

What is Agribusiness? Definition of Agribusiness…

What is Agribusiness
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Definition of Agribusiness (according to KBBI: agribusiness) is a business based on agricultural business or other fields that support it, both in the upstream and downstream sectors. The mention of “upstream” and “downstream” refers to the fundamental view that agribusiness works on the food supply chain.

According to Lambert & Cooper (1998), the supply chain is defined as the main business process integration of end users through genuine suppliers providing products, services and information that add value to customers and other stakeholders. Put simply, the supply chain is a series of goods / physical flows, information and processes used to deliver products or services from the source location (supplier) to the destination location (customer or buyer).

So, it can be understood that its business activities in agribusiness are definitely using the path of food supply chain management (food supply chain management) running from upstream to downstream.

The core of food supply chain management objectives are:

  1. Satisfying consumers as per requirements; and
  2. Performing all processes efficiently, be economically and sustainably.

Below is a description of Supply Chain Activity of Palm Oil Industry: 

Local Companies Doing Successful Business in SCM (supply chain management) and Logistics

  1. Marcos Trans Indonesia, Making Hundreds of Million Through Supermarket Logistics Services

Marcos Nasution, A 29-year-old man graduated from Master of Economics of Krisnadwipayana University is believed to be the Head of Field III Transportation and Transportation HIPMI and Vice Chairman of Transportation Association Forwarding and Logistics Indonesia (ALFI) West Java in 2015 thanks to its success in raising the transportation business. Here is a row of activities in his logistics company starting from the moment he started the business to become rich and successful:

  • To be able to seize opportunities in the field of logistics that focus on working on supermarket chains, changing the fate of Marcos Nasution. Distributing goods from warehouse to booth, Marcos now has a company beromzet hundreds of millions of dollars.
  • This man from Padang Sidempuan is a successful entrepreneur in the field of freight transportation services from the warehouse retailers who do not have a fleet of logistics to be brought to their outlets.
  • Marcos built a logistics service business focusing on targeting supermarket chains since 2011.
  • Through the flag of business PT. Marcos Trans Indonesia formed in 2013, its clients are now well-known retailers, such as Hero, Lion Superindo, Farmers Market / Ranch Market, and Carrefour.
  • The market opportunity for the distribution of goods from the retailer’s warehouse to the outlet network is promising. Because, not all supermarkets have their own logistics fleet, so they use delivery services. Understandably, the retail business focuses on the retail sector, not in its logistics sector. This opportunity is captured by Marcos.
  • Delivery of goods from the retailer’s warehouse to the outlet is represented by or the driver coordinator in charge of communicating the loading and unloading of goods as well as the administration of the mail and other related matters.
  • Only from the capital of a truck unit six-wheeled truck, Marcos can add up to seven units of trucks in 2013. This is not separated from the development of retail business in the homeland that continues to grow. As the supermarket business grows, the business will be lifted up. Moreover, retail entrepreneurs must have a target of opening new outlets.
  • Currently, he has 29 truckloads of six tires as his main fleet.
  • The company also puts a technical team that will monitor the condition of each unit of the truck fleet.
  • If the delivery of goods is busy, the company can serve as many as 35 deliveries to 40 shipping a day for the Greater Jakarta area.
  • Then he will hire an additional truck assisting the delivery operations. Turnover can reach Rp 300 million to Rp 400 million per month.

Linc Group ”The King of Service Industry in The Supply Chain”

  • Linc Group was established since 2001 with major business lines including dry storage (warehouse), liquid storage (liquid terminal), domestic distribution, and freight forwarding. His success, Hans Leo, becomes a successful CEO and president director who has made this company dominate the largest service industry in Indonesia as a top supply chain management player in Indonesia.
  • In his eyes about Indonesia, he saw that there are many opportunities that can be utilized. One of them is the condition of infrastructure that is still minimal. Poor infrastructure is a business opportunity and not a hindrance. “Here the population is big. A lot of raw materials to be deployed, many industrial activities to be completed. Much needs to be done from the logistics provider to the customer. So here the opportunity is huge. Therefore I focus on this business, “he said.
  • Now Linc Group is growing very rapidly. At the end of 2015, Linc Group extended its business by opening an e-commerce enabler & fulfillment service called 8Commerce.

In addition to the 2 big companies above, there are 12 agribusiness companies that managed to award the government of Kadin Indonesia, among others, PT Bumi Tangerang Mesindotama with an investment of Rp 800 billion, PT Karya Indah Alam Sejahtera Rp 360 billion, and PT Tiga Pilar Sejahtera Food Rp 2.2 trillion, PT Sukses Mantap Sejahtera Rp 2.7 trillion, PT Nestle Indonesia Rp 1.8 trillion, PT Smart (Sinarmas) Rp 1.47 trillion, PT Great Giant Pineapple Rp 1.9 trillion, PT Agri Makmur Pertiwi Rp 50 billion, PT Bina Mentari Tunggal Rp 300 billion, PT Laju Perdana Indah (Indofood Group) Rp 2.5 trillion, PT Tri Putra Agro Persada Rp 100 billion and PT Bakrie Sumatera Plantation Rp 1.8 trillion.

According to Suryo Bambang Sulisto as the Chairman of Kadin Indonesia, in his speech at the Jakarta Food Security Summit, at JCC, Jakarta, Senayan (7/2/2012), the 12 companies have realized their projects in six economic corridors.

Taking Successful Career Opportunities and Doing Business in Food Supply Chain and Logistics in Indonesia

  • Taking Successful Career Opportunities in Food Supply Chain and Logistics

Supply Chain Professions:

  1. Supply chain manager
  2. Transporting Manager
  3. Customer Service Representative
  4. Field Service Representative
  5. First-Line Supervisor
  6. Inventory Manager
  7. Logistics Analyst
  8. Maintenance supervisor
  9. Procurement Specialist
  10. Production Control Analyst
  11. production planners
  12. purchase Analyst
  13. Shipping & Receiving Analyst
  14. Storage & Distribution Manager
  15. Supply chain manager
  16. Traffic Coordinator
  17. Warehouse Manager

(SOURCE: onlinestudies.co.id)

Successful Career As A Supply Chain Manager:

Because Supply chain management is an activity that manages all the necessary steps in order that the product is able to hand consumers (from farm to fork), which is basically a system which includes processes including raw materials, processing, storage of products in the warehouse, moving from the distribution center to the stores, and offering customer service, the role of the person in charge as a manager in this case is necessary for the smooth operation of the supply chain to ensure every step is perfect at the right place and time.

As a manager, the task to be done is to buy or make procurement of materials to support production. So the thing that needs to be done is to analyze and supervise the storage, use, and organize materials and supplies. Manager will negotiate price and delivery of materials to produce cost savings and reduce lead time (time between initiation and completion of production process). Manager will assess the entire flow of goods and materials to ensure efficient delivery, quality of goods, and timely delivery of goods.

Some of the tasks of the Supply Chain manager are:

  • Material resource planning
  • Enterprise resource planning
  • Audit and monitor suppliers
  • Source components under pressure
  • Setting new suppliers
  • Monitor and develop existing supply chains
  • Initiate and lead cost-saving initiatives
  • Negotiate and manage contracts

Jobs as A Supply Chain Manager

agribusiness companies
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Supply chain management jobs include:

  • Buyer
  • Purchasing agent
  • Warehouse manager
  • Inventory manager
  • Production control
  • Materials / Materials
  • Logistics

Required Education Level

To become a supply chain manager, there are several stages of work required. The lowest level is the association degree in supply chain and logistics management, which covers the basics of supply chain management, manufacturing planning and control systems, purchasing, and physical distribution of goods to customers. By only following 61 credits of lectures, career opportunities and professions as mentioned above can be easily achieved.

However, the most needed degree in supply chain management is a degree in business, engineering, and operations management. While the desired master degree is MBA.

Course Classes in Supply Chain Management

Various classes can be taken with a degree in supply chain management:

  • Financial Accounting
  • Managerial Accounting
  • Software Worksheet
  • Business Operations Management
  • Business Writing
  • Business management
  • Business Law
  • Business Mathematics
  • Business Ethics
  • Supply Chain Management
  • Inventory Control
  • Material Requirements Planning (MRP)
  • Purchasing
  • Just-in-Time (JIT) Inventory

Additional Skills Needed To Become A Supply Chain Manager

list of agribusinesses
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In addition to management skills, another skill needed by a supply chain manager is the skill of using a computer along with various types of computer software to track materials and goods. Because today technology plays such a huge role in all work.

Not only technology, it takes strong leadership skills, critical thinking skills, analytical skills, communication skills and the ability to help train and develop staff in work teams. Those are the common skills that will be gained through education, training and work-related experiences.

Because these job prospects globally are very promising and needed, other skills that will help a person become successful as a supply chain manager include:

  • Knowledge of foreign languages
  • Understanding of international standards
  • Technical background in engineering or computer science
  • Manufacturing experience or knowledge

Career Advancement in Supply Chain Management

One of the ways to start a career in supply chain management is to have a bachelor’s degree. A bachelor’s degree will allow a person to get a job in a manufacturing company and start gaining experience in supply chain management.

Entry level positions in supply chain management include fleet management, purchasing agents, shipping and receiving agents, inventory analysts, routing managers, or work experience in a particular industry. The more work experience, the more opportunities available. In addition to experience, it could also be considered to earn a master’s degree in supply chain management or an MBA to advance the next career.

Salary in Position as Supply Chain Manager

According to the Bureau of Labor Statistics of Outlook Handbook Workers, the average annual wage of purchasing managers is $ 89,160 in 2008. The lowest performer is less than $ 51,490, and the highest is over $ 142,550.

Working as a Consultant and Lecturer of Supply Chain Management

Other career prospects that can be occupied in the field of supply chain is as a supply chain consultant, which is not only working for some companies, but also can be a lecturer at the university as a lecturer and actively join the independent institutions engaged in education, training, consulting, research, and development of logistics and supply chain in Indonesia.

The role of activation is to improve the logistics performance of private companies and SOEs, and contribute to the improvement and development of logistics through several relevant ministries and government agencies, such as the Coordinating Ministry for Economic Affairs, Ministry of Transportation, Ministry of Commerce, etc., including in the implementation Blueprint for National Logistics System Development.

The salary offered to a senior consultant is very diverse, but certainly several times much higher than a staff working in a single company. Very promising. isn’t it?

2) Successful in Doing Business in Field Of Food Supply Chain and Logistics

importance of agribusiness
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In addition to being a manager or consultant, a person can start or continue his or her career as an entrepreneur. Five richest people in Indonesia quoted by Forbes magazine managed to develop his wealth in the field of agriculture. They succeed in dismissing the negative stereotypes about agriculture that make it difficult to make someone rich, in the midst of a crisis of public confidence about the condition of Indonesian agribusiness. The five conglomerates are Bachtiar Karim, Eddy Kusnadi Sariatmadja, Peter Sondakh, Murdaya Poo and Chairul Tanjung.

Careers are not only about the need for money, but also talk about the progress and sustainability of the vision of one’s life forward. To become a successful career in the agribusiness world, it takes a sufficient knowledge of competence, a desire for a good career and high building vision, so that the success of a career is only a matter of time.

The opportunity to become successful in agribusiness is enormous. Starting a career as an entrepreneur in Indonesia is the right choice. So what is said by the Governor of Special Region (DI) Yogyakarta Sri Sultan Hamengkubuwono X is right, that to be a developed nation, at least 2% of the Indonesian population who become entrepreneurs.

Data up to April 2014, the latest data from Global Entrepreneurship Monitor (GEM) shows that the number of entrepreneurs in Indonesia is only 1.65% of the total population of Indonesia. “This number is still far from the ideal number, and still inferior to the neighboring countries, such as Singapore, Malaysia and Thailand, all of which are 7 percent, 5 percent and 3 percent of the total population respectively.” said Sri Sultan, in his speech at the One in twenty Movement, Business Coach Training (BCT), Yogyakarta.

based on these data, the government’s efforts in boosting the number of entrepreneurs in Indonesia one of them is by working with universities to increase the number of entrepreneurs in the country. As the views of the President of Bandung Institute of Technology Alumni Association (IA ITB) Ridwan Djamaluddin said that his party has the same desire to make the alumni of ITB as an agent of change by contributing to the regions through investment and business cooperation as well as improving the quality of human resources (HR) regions, so as to encourage regional economic growth.

The supply chain (SCM) is a key element for economic growth and stability worldwide. SCM in the field of food is the life of agribusiness activities, so that SCM and logistics can not be separated from agribusiness activities. Careers as supply chain managers require a detailed oriented vision and a thorough understanding of the processes that bring products from raw materials to the finished product.

The biggest challenge of SCM actors in Indonesia is influenced by the wide and sprawling geographic location, culture and access to information technology, all of which serve to ensure that the availability and procurement of goods to reach the hands of consumers on time and on the right location.

Meanwhile, said Rocky, who holds one of the world’s largest logistics companies in Indonesia, CARAKA GROUP and DHL, which he has 13 years in the logistics sector, concluded that there are 4 things that become obstacles in this business in Indonesia, broad, culture, infrastructure, and bureaucracy.

That is definition of agribusiness, I hope full benefits. Don’t forget follow my website. Thank You!

What is Bitcoin Mining Actually Doing? Here’s the Answer!

What is Bitcoin Mining Actually Doing
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WHAT IS BITCOIN MINING – Just as real currency is a means of payment of economic transactions in a country, bitcoin began to be known also as an electronic currency.

Bitcoin Definition

Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be done more from one time.

How Bitcoin Work

The design of Bitcoin allows for anonymous ownership and transfer of wealth. Bitcoin – bitcoin can be stored on a personal computer in a wallet file format or stored by a third party wallet service, and apart from all that bitcoin can be sent over the internet to anyone with a Bitcoin address. The peer-to-peer bitcoin topology and the lack of a single administration make it impossible for any governmental authority to manipulate the value of bitcoin – bitcoin or cause inflation by producing more bitcoin.

Bitcoin is one of the first implementations of the so-called cryptocurrency, first described by Wei Dai in 1998 in the cypherpunks mailing list.

Bitcoin relies on the amount of transfer between public accounts using public key cryptography. All transactions are open to the public and stored in a distributed database. To prevent multiple expenses, the network implements a distributed time server, using the idea of ​​casualty proofing of work. The entire history of the transactions has been properly stored in the database and to reduce the size of the storage area, a Merkle tree is used.

Bitcoin Transaction

What is Bitcoin Mining; Bitcoin Transaction
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Bitcoin – bitcoin contains the current owner’s public key (address). When user A sends a value to user B, A will release their ownership value by adding the public key (address) B to the coins and signing it with its own private key. Then he will broadcast these bitcoins in a corresponding message, called a transaction, in a peer-to-peer network. The rest of the network nodes validate the criterion’s signature and the number of transactions prior to receiving it.

Legality of Use

The legality of Bitcoin’s usage is changing rapidly around the world, some countries such as Thailand ban Bitcoin, the German state provides legal status and some countries such as China restrict the use of bitcoin. On February 6, 2014, the Government of Indonesia stated that Bitcoin and other virtual currency are not valid currency or payment instruments in Indonesia. Indonesian people are encouraged to be careful of Bitcoin and other virtual currency. Any risk associated with the ownership / use of Bitcoin is borne solely by Bitcoin owners / users and other virtual currency.

Chains

Any transactions that are broadcast to other nodes do not directly become official until they are recognized in a stamped-time list of all known transactions, which are called block chains. This recognition is derived from a road-believed system to prevent multiple expenses and forgery.

At certain moments, each generating node collects all unrecognized transactions which are known from within a block of a candidate, a file which amongst others, contains a cryptographic hash of the previously accepted block and is also known by that node.

Then the node tries to generate a cryptographic hash of the block with certain characteristics, a business that requires a predictable value from repetition of experiments and errors. When a node finds a solution, it will announce it to all networks. Network members will receive new blocks that have been solved and validate them before accepting, and then add them to the chain.

Finally, chain-blocks contain the history of cryptographic ownership of all the coins that originate from the manufacturer’s address to the current address owner. Therefore, if a user attempts to reuse the coins he has spent, the network will refuse the transaction.

III. How to Use Bitcoins

What is bitcoin mining and how to use Bitcoins
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Bitcoin is a peer-to-peer implementation of the b-money proposal by Wei Dai and Bitgold’s proposal by Nick Szabo. The principle of the system in general has been described in 2008 by Satoshi Nakamoto.

A person participating in a bitcoin network has a wallet that stores some keystroke-keypair critiques. Public key – public key, or address – bitcoin address, which acts as the endpoint send or receive for all payments. The associated private key only allows payments only from the user itself. Addresses do not contain any information about the owner and are generally unknown.

Addresses in human readable format consist of random numbers and letters that are approximately 33 characters long, in the format 1rYK1YzEGa59pI314159KUF2Za4jAYYTd. Bitcoin users can have multiple addresses, and the fact can generate new addresses without any restrictions, because creating a new address is immediate, comparable to creating a new / private new key pair, and requiring no connection to any nodes in the network. In creating single-purpose / single-use addresses – addresses can help the anonymity of such users.

  1. HOW TO GET BITCOIN

    What is Bitcoin and How to Get Bitcoins
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Bitcoin Production

The Bitcoin network randomly generates and distributes a set of new bitcoins about 6 times in an hour to someone running the software with the option of ‘earning coins’ that have been previously selected. Each user has the potential to accept a set by running that option, or a program that has been specialized to run on a device that the user has (for example a graphics card – VGA). Producing bitcoin – bitcoin is often termed “mine”, a term similar to the gold mining analogy.

Regarding the probability probability that a user will receive a set depends heavily on the computing power he or she contributes to the network that is also related to the computational power of all the nodes. The amount of bitcoin made in each set is not more than 50 BTC, and the tilt time has also been programmed to decrease to zero, so there will be no more than 21 million bitcoins to be present. As payment decreases, the user’s motive is expected to change to get Transaction fees.

All network generating nodes are competing to be first in searching for a solution for a cryptographic problem about its candidate blocks, a problem that requires repetition of experiments and errors. When a node finds a correct solution, it will announce it to the rest of the network and claim a set of bitcoins – bitcoins. Members of the network will receive the broken blocks and validate them before receiving them fully, and add them to the chain.

Nodes can employ their Central Processing Unit using standard clients or using other software that leverages the power of their Graphics processing unit. Users can also generate bitcoin collectively. Since every single block will be generated every 10 minutes, each node separately resets the difficulty of the problem that it tries to solve every two weeks for every change of the overall power of the central processing unit (CPU) of the peer-to-peer network.

Transaction Fees

Since nodes have no bonds to include transactions in every block they generate, Bitcoin submitters may also voluntarily pay transaction fees. Doing so will speed up the transaction and provide incentives to users who run the node, especially when the difficulty of generating enhanced bitcoin – bitcoin or reward of any number of blocks decreases over time. The nodes collect transaction costs associated with all transactions entered in their candidate blocks.

Economics

The economy of Bitcoin is still small compared to long established economies and software is still in beta development stage. But goods and services, such as used cars and freelance software development contracts, are now tradable. Bitcoin – bitcoin is acceptable for both things, both virtual service and real goods. The Electronic Frontier Foundation and Singularity Institute receive donations through bitcoin. Currency exchangers exchange commonly used currencies (including American dollars, Russian rubles, and Japanese yen) to bitcoin through bitcoin exchange sites. Anyone can see chain-blocks and observe transactions in real time. A wide range of service facilities to observe is available.

The Monetary Difference

What is Bitcoin Mining and the monetary difference
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In contrast to conventional fiat spheres, bitcoin differs in that no supervision can control values ​​due to its decentralized nature, reducing circulation can cause instability typically caused by central banks. There is also limited inflation control that is implemented in Bitcoin software, but it can be predicted and recognized by all parties. Therefore inflation can not be manipulated from the central to influence the redistribution of values ​​from the general public.

Transfer – transfers are facilitated directly without the use of a financial dealer between nodes. This type of transaction makes chargeback impossible. The Bitcoin client will broadcast transactions to the surrounding nodes that will spread payments to all networks. False or wrong transactions will be rejected by honest clients. Transactions are mostly free of charge, but a fee can usually be paid to another node to mempriotiskan transaction processing.

Over time, the total amount of bitcoin will increase towards 21 million. The circulation of money increases as a geometric series that takes place every four years; it is estimated that by 2013 half of the total circulation will be successfully generated, and by 2017, 3/4 of it will be completed. Along with the bleeding toward that value, bitcoin is likely to begin to deflate (the real value increase) value due to the shortage of new introductions. Although Bitcoin can be divided by eight digits behind the comma (giving 2.1 x 1015 units total), eliminating practical limitations may lead to adjustment of values ​​toward deflationary environments. Rather than relying on the newly created bitcoin incentives to record transactions into blocks, nodes in this period are expected to rely on their ability to competitively collect transaction processing fees.

Results

Possible scenario failures for Bitcoin include currency devaluation, decline in user base, or crackdown on governments to stop software operations. However, it may not be possible for “crypto-like bitcoin.” It seems that the decentralization and anonymity contained in Bitcoin is a reaction to the United States government that initiates cyberspace companies such as e-gold and Liberty Dollar. The Times investigates Danny O’Brien’s article reporting “When I show people about the Bitcoin economy, they ask: ‘Is this legal?’ They asked: ‘Is this a scam?’ I imagine that lawyers and economists are trying hard to answer both questions. I suspect you will soon be adding members of parliament to that list.

In 2011 february, coverage in Slashdot and subsequent Slashdot effects affect the value of bitcoin and its availability from some related sites.

Reference

  1. ^Barber, Simon; Boyen, Xavier; Shi, Elaine and Uzun, Esrin (2012). “Bitter to Better — how to make Bitcoin a better currency” (PDF). Financial Cryptography and Data Security. Lecture Notes in Computer Science (Springer) 7397: 399. ISBN 978-3-642-32945-6. doi:1007/978-3-642-32946-3_29.
  2. ^Ron Dorit; Adi Shamir (2012). “Quantitative Analysis of the Full Bitcoin Transaction Graph” (PDF). Cryptology ePrint Archive. Diakses tanggal 2 Januari 2018.
  3. ^“Cracking the Bitcoin: Digging Into a $131M USD Virtual Currency”. Daily Tech. 12 June 2011.. Diakses tanggal 2 Januari 2018 ^ “XBT – Bitcoin”. XE. Diakses tanggal 2 Januari 2018 ^ Matonis, Jon (22 January 2013). “Bitcoin Casinos Release 2012 Earnings”Forbes (New York). Diarsipkan dari versi asli tanggal 16 February 2013. Responsible for more than 50% of daily network volume on the Bitcoin blockchain, SatoshiDice reported first year earnings from wagering at an impressive ฿33,310.

Is Whole Life Insurance a Good Investment for You? See The Answer Here!

Is Whole Life Insurance a Good Investment
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Is Whole Life Insurance a Good Investment for You?

Is Whole Life Insurance a Good Investment might be one of the most frequently asked questions that you can find about life insurance these days. There are various financial products that you can find these days. One of them is insurance. Insurance is the type of financial product that can provide coverage for certain things.

There are various choices of insurance that you can find these days which provides coverage for different aspects. For example, there is auto insurance that provides coverage for damages that are caused by accident. You also can find health insurance that provides coverage for medicines and medical treatments.

Other type of insurance that you can find these days is life insurance. Life insurance is considered by many people as one of the best types of insurance that you can find these days. Some people even use life insurance as their investment. But is that true? Can you use life insurance as investment? Will it be a good investment? This article will discuss life insurance as investment so that you can get some insight about this topic.

Types of Life Insurance

Life insurance is the type of insurance that can provide coverage for your family after you’re passed away. These days there are many insurance companies that offer life insurance. Life insurance is also available in various choices of rate as well. Before you decide to buy life insurance, there are several aspects that you might want to consider. One of them is which type of life insurance that you should choose.

Basically, life insurance can be categorized into two main categories. The first type is called term life insurance. As suggested by its name, this type of life insurance only requires you to pay the premium in specific term. The other option is called permanent life insurance. This type of life insurance will remain as long as you pay the insurance premium. Permanent life insurance can be divided into two sub-categories. The first one is called whole life insurance and the other one is called universal life insurance.

The Difference between Whole Life Insurance and Universal Life Insurance

Now you know that there are various choices of life insurance that you can get these days, it’s time for you to decide which life insurance that you want to get. You also can use life insurance as investment as well if you like to. But before we discuss about Is Whole Life Insurance a Good Investment, you might need to know the difference between universal life insurance and whole life insurance first.

Basically, whole life insurance is the type of life insurance that has fixed premium while the universal life insurance is the type of insurance that came with premium that can be adjusted. If you want to choose whole life insurance, you also might need to learn about the pros and cons of this type of life insurance. The pros of whole life insurance are including fixed premium, guaranteed investment return, and good cash value. The cons of whole life insurance are including mediocre investment return, high fees, expensive premium, and difficult to understand.

Whole Life Insurance as Investment

As you can see on the pros and cons of whole life insurance above, you soon find out that this type of life insurance might not a good idea for investment. Well of course whole life insurance can provide guaranteed investment return but the return is considered mediocre compared to other types of investment.

Moreover, whole life insurance has high fees as well and it also came with expensive premium. This is definitely not good for investment. You can read some reviews about whole life insurance as investment to find out more about Is Whole Life Insurance a Good Investment.