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 Insurance + investment are bad financial decisions

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baba-ali
post Sep 16 2009, 10:18 PM

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Joined: Sep 2009


QUOTE(Zack Styler @ Sep 16 2009, 04:39 PM)
My insurance agent is trying push a savings product to me, saying its giving great returns, the duration is for 15 years and above, well I asked him to give me a quote, but what I do not understand is the terms used, before I ask the agent for more clarifications, I would like to get some opinions and comments from you guys.. tongue.gif

What is the meanings of SB/Basic SV+SB, Basic DB, Rider DB?

For 15 years I need to pay RM100 each month and the returns are as per belows, is it worth it?
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Before we get a saving product from insurance company... first we must think is whether our life & medical protection is enough or not.

If our saving (in Insurance Company before mature) > Life or Medical protection... where to get money if need it to pay for medical fees?

This post has been edited by baba-ali: Sep 16 2009, 11:25 PM

 

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