1) There are many companies offering Life Insurance. Besides the companies you mentioned, there are Prudential, Aetna, MAA and others.

2) Nowadays there are so many products that i am blur.

3) Yah, why are you buying Life Insurance for? IMO, if you have dependants, then life insurance would help your dependant(s) in the event you die or maybe pay for the expenses for funeral cost. If you are single, maybe you want to consider Life Insurance plus medical such as PruMed by Prudential. Below is link to Prudential.

http://www2.prudential.com.my/index.php?fu...age&menu_id=182

However PruMed only provide protection up to age 70, if you think you can live up to 100, just saw an add in The Star today where Great Eastern got a medical policy that covers up to 100 years old!

4) Traps...hmm. Let me give u an example. In the early nineties, many Insurance companies offer Crtitical Years Policy where one is expected to pay for say 10 years and the dividens obtained during these ten years is suppose to pay for future premiums. Well i bought these so called policies with AIA and Universal (now Aetna). It has been more then ten years and i am still paying for the AIA policies because the dividens were not enough to pay for future premiums. But the Aetna Policy, once i reached the 11th year, i don't have to pay a single sen anymore until the policy matured when i reach 65. So the question you want to ask the agent is what IS Guaranteed under the policy and what is NOT.

Disadvantage.. well if you don't die,you have wasted lots of money, ahahaha.

5) If you buy from a friend/relative that is staying nearby, it may be more convenient for him/her to visit you. For medical claims where one may make more than 1 claim per year (e.g. you can claim for many things like example a broken toe consultation fees, x-ray). As for payment, i find it easier to just auto debit your credit card.

Please note that your friend may want to change career midway, it is advisable you buy from an agent that have been in the insurance business for some time to ensure continuity.

I am sure tons of insurance agents would just love to go thru with you their company policies. My advise, talk to as many agents and learn from them before making a decision.

(i) How long do you think you live? Age 75 or 100? Most medical insurance cover you up to 65 to 75. But i saw an ad recently, Great Eastern got a medical policy that covers up to 100 years old!

(ii)Since your company providing it now, forget about getting another medical insurance for now and instead use that money to invest.

1) like i mentioned in my first post in this thread, buy life insurance only if you have dependant(s) or use it to pay for funeral expenses

As from your family experience, your family depended on your father and as such it was necessary to maintain his insurances but not young people who do not have dependants.

I also made stupid mistake to buy Life insurance for 2 of my chidren more then 10 years ago. Still paying the annual premiums and if i were to put the money in FD, the money in the FD would be more if i were to cash out from the Life Insurance policy now or should have use the money back then to buy a higher amount policy for my Life Insurance.

2) It is only morally correct for an insurance agent to advise his potential client(s) that one must have adequate financial means to pay for the premiums now and the future.

And dreamer, can't blame insurance agents for selling insurance plans to people who failed to plan their own future. Insurance agent offer a plan and it is up to the individual (an adult of legal age) who decides for himself to sign up or not.