I view Insurance as a 'TOOL" whereby you could transfer your risks to a third party. You can be self-insured by not buying any insurance too, it is your choice. You too could drive a car on the highway with an expired auto insurance too. Drunk where driving also makes the insurance to be ineffective.

However, INSURANCE is always an important risk transfer tool in more developed countries. Practically, most people there understood the important of Life Insurance, no hard-selling is needed like what is happening in Malaysia. It is much more "misunderstood " in Malaysia culture. many do not see the "needs" for Life Insurance.

Whether the risk transfer tool is of any benefits. The forumers have to judge their own.

But one fact remains the same : Anyone could die too young or living too long, that what makes Life Insurance works in one's favour.

You make your decision.

This post has been edited by SKY 1809: Jul 10 2008, 12:44 PM