Yup.. Plan to change card that have zero annual fees. Any recommendation?

After getting akpk help,what is the limitation for him?suprisingly he still have housing loan and car loan but his payment  for loan ontime with fullnamount. This is what he btold me..just that the debt what because of his family issue. But now he want to settle it through personal loan and then cut all his credit card

But i am not sure whether he can get 30k or not?can i ask him to print out his CCRIS report before apply?if got rejected will it be impact towards his current housing loan and car loan?

Insurance is just that, insurance. Insurance has a cost. Insurance help if you were to be in a situation where you would be financially crippled without outside help.

If you are healthy now, it doesnt mean that you will be healthy 20 years down the road. For example, a number of cancer patients lead a healthy lifestyle and are shocked when they found out that they have cancer.

Insurance is probably not for you if you think that you can be comfortable with having your health care serviced by the governmental hospitals (nothing wrong with that), but if you want options, then insurance, even how minimal it is would probably be useful.

tl;dr: Insurance is a financial tool to hedge your finances against unforeseen circumstances, as such, it will have a cost.

The sad part is… most normal consumers don’t opt for term insurance because it seems ingrained that they must get back money from insurance, whether dead or alive. IMO... the idea of NOT getting back ANY money if they DON’T die doesn’t bode well to them. 

Even agents don’t quote because low premium translates to low commission.

Disclaimer: it might not be textbook answer but I never read any life insurance related textbook aside from the one for PCE. And I’m not an agent.

Life insurance is the broad category, any insurance related to human life.

There are many types of life insurance, whole life, term, endowment, investment-linked.

Whole life is being referred to up to age 88 or 100. I don’t think there’s a fixed definition of whole life but 100 seems to be more common now.

Term is the opposite of it, short term, but short in insurance context is still many, many years. Anything from 5 years to 50 or even 80 years. (Provided you don’t cross their maximum age, usually about 80 or 85)

both with their pros and cons.

And then there’s insurance policy known as participating policies (the misunderstood savings plan) and non-participating policies. Both can be whole life or term.