Do i over-insured, anyone?
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 May 9 2008, 09:00 AM
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#1
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Senior Member
767 posts Joined: Feb 2008 From: Beverly Hills   
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i don think you are over-insured... i mean buying insurance not only an investment/saving, its for your own good too... u never know what will happen next time .. and if u afford to pay now, why not.... thou i know the value of money in the future kinda different but at least u have some assurance next time....
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May 9 2008, 10:36 AM
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#2
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Senior Member
767 posts Joined: Feb 2008 From: Beverly Hills
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QUOTE(b00n @ May 9 2008, 09:27 AM) If you're immersed in this section long enough you'll know that there's a huge debate regarding Insurance policy as a method for investment and savings whereby I for one doesn't agree. I buy insurance not for savings or investment. I buy because of protection, I never expect returns or money back. this depends on individual... some people kinda feel troublesome with lotsa way of investment, thats why they go for package ALL in one (which i think its not wise enuf) ... i myself buy an insurance for protection too but don go for investment in it where i invest in other thing... but then you need to think of what that people really need... u know some investment kinda risky, and some people cant take risk, thats why they go in for ALL IN packaging .... its just depends on people preference .... we only can give suggestion but not decide for them ....Go ask a CFP and seek their opinion. Most that I come across would say Insurance is for protection and not investment/savings. Currently KMDC is giving out course of CFP and I know some friends currently attending Module 2 - Risk Management & Insurance Planning.  |
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