Dude, actually it is not applicable to everybody though.
Life insurance is only suitable for somebody who has dependents on him/her.

Actually I am a bit skeptical this after being mention by dreamer101, but after reading 4-5books on insurance topic, all of them are basically saying those lines. The arguments was it cost 6-8 times more compare to term insurance for the same protection but sadly we do not has any term insurance here in malaysia.

I am in a midst of searching for my Health and PA insurance but currently haven't find any to satisfy my insurance needs.

ch

KANot

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Added on November 2, 2008, 11:45 pm[quote=staggerler,Nov 2 2008, 05:51 PM]
Someone told me>

Life insurance, medical card, 36 critical illnesses, and personal accident policies should be sufficient for normal individuals. Insurance is to protect our wealth, it is not to earn money. It is advisable that we invest in other investment tools to gain return instead of signing up investment-linked policy

can forumers give your opinion on this...

tq

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This post has been edited by chikanot: Nov 2 2008, 11:46 PM