first thing to look for in an insurance policy:

1. know wht you want! i.e Medical coverage, death or permanent disability reinbursement, women's cancer coverage, critical illnesses coverage or savings plan!

simpler terms to put it is, LIFE insurance is like a

1)LCD TV, its one thing that covers you IF u die or Permanent disability, thats all.. ure TV is only a TV

2)next up, u add ASTRO- which is your medical card (to settle your hospital bills)! but of course this you only need ONE GOOD reliable one.

optional packages i.e RIDERS are like (things u MIGHT or want or can choose to live without)

i) DVD player- 36 Critical illnesses to pay another lump sump of $$ IF diagnosed with any of the covered 36 critical illneses.

ii) surround sound speakers -
-daily hospitalization reinbursement (pocket money) in case ure hospitalize so u get a certain amount paid daily since u cant work.
-personal accident, ETC

so with those listed above, u get a "decent" almost complete home entertainment set that's enuf to "entertain" you (BASIC COVERAGE)
which i think 96% of everyone got.

word of advice, dont need to bother about the investment linked typed life insurance, as you will not surrender your LIFE policy even if it pays u 1million dollars when ure 70yrs old. reason is:

1)thts when your more prone to diseases, sickness, accidents
2)u wont be able to buy another policy even if u pay TONS!

Treat insurance policy like a HOUSE, when u move into the new house, get the necessities FIRST, no one is forcing u to get EVERYTHING @ one shot, (if u got the cash then by all means go ahead). today u can get the entertainment set (Life, medical), next year u get the karaoke room ( savings plans, womens cancer coverage)..

there's a thousand plans out there but do u need it all? INSURANCE's greatest assest is that its CUSTOMIZABLE to your very NEED, so buy wht u can afford/need, and increase coverage/protection/types as u grow.

hope my long n drastic post was easy in an easy enuf terms for everyone! any clarifications, or questions about life, investment funds, women's coverage or any banking needs, PM me, i'll try my best to answer and help ask around if you are ever uncertain bout anything!

have a great week ppl!

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Added on December 6, 2010, 3:31 pmanother thing is, Ladies, the basic "Entertainment" (basic life, medical,36 illneses) set is not sufficient for you!

as it does not cover early stages detection of breast cancer,ovarian cancer (still in carcinoma state), pregnancy difficulties just to name the important!

and 97% of fmale's i know, dont know tht! check your policies ladies!

cheers



This post has been edited by bentlee83: Dec 6 2010, 03:31 PM