truth?

Malaysia: The truth about life insurance

Life insurance is the foundation of total financial planning. Without it, whatever types of planning are baseless.

The basic purpose of life insurance is to create cash. Nothing more, nothing less.

Life insurance is a “contract for delivery of money”.Life insurance is like a charity money changer, you give her 3 cent, she will give you RM1. You are buying discounted Ringgit.


Whether you buy life insurance or not, you already have it. Either you are insured by a insurance company or self-insured by your own pocket.

Life insurance is a contract for time and money. If you ran out of time, the contract will give your loved one money. If you have time, the contract will give you money.

When you save money in a bank that is call accumulation. But, if you save money in life insurance, you create an instant estate when you need it most.

Life insurance is sold because people understand the fact of life. Human beings either lives too long, die too soon or become disabled due to accident or sickness. Money is needed in all these events.

You can’t buy insurance when you need it, you must buy it before your need it.

No life insurance companies are going to insure someone who is disabled or has critical illness.Life insurance is not purchased because someone might die but because someone else has to live.

Life insurance is a concept of risk sharing.Life insurance provides you financial support in times of emergency but should not view it as an investment vehicle to make profits.If you intend to grow your wealth, it makes sense that you protect the most important investment – you, by using life insurance

p/s LIFE insurance is not purchased because someone might die but because someone else has to live



p/ss hope my 'lawyer' fren read this..