Do You Really Need A Life Insurance Policy? - Yes, if there is someone who would suffer economic hardship if your income generating capacity is lost (death or total permanent disability)
- Yes, if you have not already have sufficient financial resources to settle all financial obligation (tax, funeral, daily expenses, education, outstanding debts etc) should anything happens to you.
- Yes, if you love your family enough to prevent the unnecessary financial hardship on top of the emotional hardship.
Type of Life Insurance Policy - Whole Life and Term Life.
Pure Protection on Life - Term Life - You pay for Protection ONLY, i.e. can not take back any money.
- It is a non-participating policy, no investment or saving element, pure protection.
- Lowest Premium for High Protection.
- Protection on Death and Total Permanent Disability Only.
- Example:-
- Male 34
- RM150,000 protection on Life for 20 Years.
- Premium is only RM582 per year for next 20 years.
- Level Premium i.e. RM582 per year would NOT change for next 20 years.
- Why buy term life?
- When you already have Whole Life policy, yet need additional protection with small budget.
- When you have a new born baby yet doesn't want to commit for a Whole Life policy.
Medical Bill - Medical Card (Health Insurance) Policy
- Inflation cost for medical bill is the highest amongst all expenses.
- You may have RM50,000 to settle a medical bill but why not transfer the risk to insurance company?
- A protection to your asset. Transfer risk to insurance company.
- Buy a plan to cover potential medical bill from sickness, diseases or accident.
- It can be a stand-alone plan, a rider (attachment to a Life Insurance Plan) or a rider to a Unit-Linked plan.
- Normally, it is cheaper comparatively in form of rider to a Unit-Linked plan.
Contact us to start your Protection Plan now!!
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 Updating... Ċ Kong Hui Chong, 7 Jul 2010, 19:29
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