Even if it is a bit expensive after your birthday also never mind, the most important is you take time to study properly whether it suit to your needs or not.
No point, just to save up a bit and rush to sign up then found out it is not something you would like.

What has she done to you?

Please treat buying insurance some sort like buying a house. When you buy a house, you survey survey and survey before finally make up your decision. So in insurance is the same you read through and find out the details and clause of it, before making final decision to take up.

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Added on January 3, 2009, 2:32 pmSome insurance just take your premium (in investment linked one) to buy UT only which you can do it yourself, why need third party did it for you while incur more commission as well as increase the inflexibility of your fund.

This post has been edited by cherroy: Jan 3 2009, 02:32 PM

honwhy05 listed exactly the priority should be.

If you are rich enough, you can buy whatever insurance you want to, from endowment plan to 1 years old child accident policy or TPD or whatever.

Agents surely will tell you this A insurance is a must, B insurance is needed, what if something happened on your child then another C insurance also needed. No offence.

But in the end of the day, it is your disposal income dictate which one is needed. Want to take all the insurance then burden yourself and struggling to pay up insurance premium every month or annually? While left with no saving is not a wise idea. Also, discontinue the insurance policy or surrender it halfway due to cashflow ability might lead to more losses as well.

Life is not perfect, and cruel sometimes, you cannot have whatever protection you needed. So need to prioritise which one is more or most important. Just like a couple have a newly born baby or kids, the most important is to insure on the one that is the financial supporting pillar, not the child or baby. If the child passed away, the parent won't suffer (financially as insurance is about financially issue), but if one of the parent which is the main earner passed away, then we have 2 people are suffering.