On that related note, if the agent comes to him with ‘returns only’ at the end of the day, I’d say that the agent partly failed to do what he is suppose to do. Insurance is about protection. Period.

If your goal is to have X dollar amount by when, and you’re going to achieve it *no* matter what happens to you by putting into a vehicle that is able to generate the returns as you require, then by all means go ahead and do that.

Having said that, if you’re an income contributor, should something were to happened to you along the way, your plan to save that money for your loved ones deminished. No one can guarantee what tomorrow may bring. Honestly people in general don’t like insurance because they are paying for something that they don’t see.

Take a few days off and spend some time at the ER room. Talk to the people or doctors. Talk to people who have Cancer or any critical illnesses. It is not very difficult to find the ICU.

The first thing whenever someone is bed-ridden is not thinking of themselves, they think of how their loved ones is going to live, without their income. They are also EXTREMELY concern of how much it will cost them in a long run

For example, if the minimum that you must have is RM2k, which works out to RM24K/year, RM240K for 10 years or 20 years if you have a new born. This is to be able keep YOUR PROMISE that you will take care of your family for better or poorer, in good or bad health! Have you kept your promise by providing a peace of mind to your dependents?!

What do you think will happen to your home should one day you do not come home? Insurance money is creditor proof. It goes to whomever you nominate (except for Malay which follows the Malay law and act as an executor)

But we all know that promises are meant to be broken, as we are all human, may succumbs to illness/accidents. That is why by providing something that we do not see like THEIR FUTURE.

Should critical illness/disability strikes, you may not be able to work FOR THE REST OF YOUR LIFE. The lost of income is ENOURMOUS! If you bring back RM6K/mth, RM72K/year.

Multiply that for the REST OF YOUR LIFE. That works out to what… MILLIONS? Not to mention of increment and bonuses. May I ask, how much are you covered for the golden goose?

Please comment and thank you for reading. No offense intended, however if I offended anyone, please do forgive me.
–
Roy Steven Ung
Prudential Agent
016-451 5957 (Northern Region)

Off the record, I too refer pple to make inquries for the life insurances, with projected equivalent if one is to die (or cover any unpaid bills etc), and these agencies pay good.

Recent acts by PRU (UK) make them more eager to underwrite as they have lost so much in the market to AVIVA,AXA etc with terrorism hot on the tails. If life insurance is bad… U wait and see how the Car Insurance & Mortgage Cover insurers are… like vultures.

Me? I pay £5 a mth for a 25yr (till I pension) policy paying out £100k on death only (not being sick etc) so I can rest assured my kids are OK,and I just added Tia the other day for a 55yr Policy for almost next to nothing covering her for almost “£1M (£1m in 2056 is only worth £35k now)…

Even in Singapore, Most schools cover their students for a group life insurance of S$25k just in case they die or what-nots. It is surely handy for those poorer families as I was one of the claimants then.. hitting an all-time-high of $76,400 in medical bills! That’s over 6yrs in Primary School. My Cost? $1 a mth on top of the school fees.