one dun hav to die... just critical illness and disable or paralyze is enough to exhaust all the financial..
it is better to die and pass down the asset...
but the most fearful part is.. what if just cant die and cant sustain at the same time.. end up use up all the asset for hospitalization, and finally die but left nothing for the family...

those who has no insurance and no asset is even worst....

better get 1 policy asap man...

usually, basic insurance comes first before anything thing else (investment, prop, etc)

The difference between bolehland and US is that in US, loan are given to unqualified owners without assessing their repayment capability...
US government start giving guarantee to lenders to lend money to any tom dxck and harry..
Investment products are marketed as AAA rating and sold to other countries to fund their citizen's home loan...
Since the citizen has no obligation and just default when they cant repay..
When owners start defaulting their loan, it creates a ripple effect from US to other countries who bought their bad assets..

Americans are always live in debts, much more higher debt ratio compare to us.. it is shocking to see they willing to default their homeloan 1st but maintaining other debts to fund their lifestyle..

It is very different compare to Asians who position our home as the center of our life.. we can sell our cars but not our house, but the American did the other way round..

No doubt job opportunity in US is alarming.. a major factor is that all the manufacturing and outsourcing are done in low cost country which are asian countries.. Malaysia is a good example... there are plenty of jobs here bcos all this giant MNC set up their company in this low cost country, those are American companies, but majority of their emplyees are non-Americans..

Another factor that set us apart from the US is that Bolehland's bank are still being strictly ruled, credit profiles are still strictly examined, unlike the yankee's practising cowboy style...

so is Msia going into subprime?