Insurance? Or... Any Investment Vehicles?
it's actually depends on our current economic condition, job, family background and mind setting. insurance shall not be adopted as an 'investment' even if it's formed under the same class - money appreciation.
one should has to understand the purpose of insurance or any form of investment before making decision to buy either one or both.
insurance is for protection. in case of any accident, we may face with 2 situations : survive or dead. and if survive, we also face 2 situations : normal (including non-serious injuries) or disable i.e. paralyse. i list down the consequences here:-
1. survive + normal = pay hospital bills, losses.
2. survive + disable = pay hospital bills, losses and lost job.
3. dead + alone = safe.
4. dead + family = family lost a breadwinner.
or
5. chronic disease + money = pay hospital bill, nothing to worry.
6. chronic disease - money = charity?
if we fall under 1,2 & 4, it is very crucial to us to plan about what kind of protection we need. if we are a man on the street, and our daddies are not a wealthy guys, i recommend insurance is the best. unit trust is good if you're not facing any bad incident or chronic disease for the whole life, but hospital bill is very high. remember, hospital bill is very high. if you wanna wait for any charity body to help... it's not very promising.
make a right decision to ensure that nobody will suffer if something happen to us someday.
one should has to understand the purpose of insurance or any form of investment before making decision to buy either one or both.
insurance is for protection. in case of any accident, we may face with 2 situations : survive or dead. and if survive, we also face 2 situations : normal (including non-serious injuries) or disable i.e. paralyse. i list down the consequences here:-
1. survive + normal = pay hospital bills, losses.
2. survive + disable = pay hospital bills, losses and lost job.
3. dead + alone = safe.
4. dead + family = family lost a breadwinner.
or
5. chronic disease + money = pay hospital bill, nothing to worry.
6. chronic disease - money = charity?
if we fall under 1,2 & 4, it is very crucial to us to plan about what kind of protection we need. if we are a man on the street, and our daddies are not a wealthy guys, i recommend insurance is the best. unit trust is good if you're not facing any bad incident or chronic disease for the whole life, but hospital bill is very high. remember, hospital bill is very high. if you wanna wait for any charity body to help... it's not very promising.
make a right decision to ensure that nobody will suffer if something happen to us someday.
