In the process of managing inheritance, many families focus only on fixed assets such as property, including houses, land, shop houses, and other immovable assets. However, these types of assets require substantial cash to transfer ownership, ranging from inheritance taxes and transfer fees to notary fees and outstanding financial obligations. When sufficient cash is not available, families are often forced to sell assets in a hurry, which can even lead to conflicts among heirs. This is one of the common causes of disputes in inheritance distribution.

Therefore, good estate planning not only considers the value of assets but also the availability of liquidity so that the administrative process can run smoothly without burdening the family. One of the most effective ways to provide more liquid assets is through life insurance.

Life insurance provides liquidity through easily accessible claim funds or the Sum Insured, which can help accommodate hidden costs in the inheritance process. These funds can help cover various administrative costs that arise during the inheritance process, which in many cases can reach tens of percent of the total asset value.

For example, property inheritance often requires processes and costs such as transferring ownership certificates, notary fees for inheritance deeds, and unexpected expenses that may arise to resolve legal disputes among heirs. As a result, the distribution or transfer of inheritance can take longer, and the value of the wealth received by beneficiaries or heirs may be significantly lower than the initial value of the assets left behind, even though there may be many urgent needs.

In addition, the claim process for the Sum Insured is simple and straightforward, as the benefits will be paid directly to the beneficiaries listed in the policy without the need for a power of attorney or additional legal proceedings. This liquidity can be used not only to cover the administrative costs of the inheritance process but also to help pay off debts or meet the family’s living expenses during the inheritance process.

Heritage Platinum Protection (Heritage+)

As a solution to liquidity needs and inheritance process efficiency, BCA and BCA Life have collaborated to present the Heritage Platinum Protection (Heritage+), a whole life insurance policy (until the Insured reaches 99 years of age) that provides the following benefits:

1. Increase in Sum Insured every 5 years up to 200%
2. Additional Life Benefit option in the form of a 50% premium refund
3. Health Check Benefit in the form of reimbursement of costs up to 10% of the annual premium
4. Terminal Illness Benefit in the form of 20% of the Sum Insured or a maximum of IDR 3 billion
5. Additional Death Benefit due to accident in the form of 100% of the Sum Insured
6. End of Coverage Benefit of up to 200% of the Sum Insured
7. Fixed premiums with flexibility in Premium Payment Periods

Optimize your legacy planning with the various benefits of Heritage Platinum Protection (Heritage+)

So, what are you waiting for? For more information, visit a BCA Life Financial Advisor at your nearest BCA branch.