hah~ stupid me...i got it now ~_~

TAXABLE INCOME is reduced by 6k....not reduce the amount i pay

u just killed the only reason that i might consider to buy an insurance X_X

suiteng,

1) Define what you mean by low income.

2) Define what do you mean by <<Paying a little bit off their monthly income>>

<<to pay for any expenses caused by critical illness or suddenly sei 9 jor.>>

3) Which is a lower risk than starving to death when you are lower income.

Let's have some common sense here.  If you are lower income, you are MORE LIKELY to lose your job and starve to death than anything else.  Insurance does not help you in dealing with that.  Emergency fund and saving does.

If you are NOT PROTECTED from MORE LIKELY RISK (aka lose your job and income ) and MORE PROTECTION (savings can be used for anything), you buy insurance to protect from LESS LIKELY event (death and critical illness). 

Plus,

A) You are so poor that your life does not worth that much.

B) You are so poor that you cannot buy enough critical illness insurance to handle any critical illness.

Have you ever been REALLY POOR aka STARVING to begin with?

If you are lower income, make sure that you save money first.  Then, maybe buy a little bit of medical insurance.  Then, life insurance.  That makes more sense.

In summary, if you have NO SAVINGS, you have NO BUSINESS buying insurance.  Saving is your first level of insurance.

Dreamer

ST,

Financial planning (aka insurance as a subset) is personal.
Each and everyone of us are in unique situation and there's no one-size-fits-all solution.

The beauty of this discussion is for all to understand different views and aspects of insurance planning and strategies other employed. Hopefully you take back something after all.

End of day, You are the master of your destiny.
I've indeed learnt something with dreamer's posts.

haha...no pm me la..jz gv me extra information only

That's basically what he's trying to communicate albeit his harsh writing styles. He never mentioned that insurance is not important. If you go through most of the insurance thread, we've already penned down our opinions on "over spending" in paying insurance and insurance coverage when we do not need it.

It's just his way of communicating. Do not get too personal.

Cheers!