I Need More Time To Consider

You may hesitate to sign up for an insurance policy because there are so many factors to consider:

1. I don’t think I have enough money
2. I’m fine, I don’t need insurance
3. Insurance may bring misfortune – pantang lah

However, if you flip your thinking:

1. The more your budget does not allow, the more you need to be insured because what if you lose your stream of income? After all, the premium is only a small fraction, usually at about 2 to 3% of the sum insured annually. This is the cheapest buy you can get for financial security for yourself and the family you love.
2. Yes, you may well be “fine” now. This is all the more reason why you should sign up for an insurance policy. If you are already NOT fine, no insurance company will be willing to give you coverage. You will have to insure yourself on your own. [Please read my article in this blog: You Are Already Insured!].
3. If insurance brings misfortune, there are thousands of misfortunes every day, as thousands of people are signing contracts with insurance companies every day! Insurance policies function to help you tide over any misfortune you may face, be it death, disability, accident, critical illness, hospitalization, loss of income etc. Insurance can even create wealth for you so that you can support the rising cost of education for your children, save enough money for yourself when you are retired, prepare yourself a contingency fund.

So, why wait?

If you have the money, sign up now for a comfortable insurance policy as a means of saving with the intention of protecting your wealth.

If you do not have enough money, plan your expenditures so as to be able to set aside an affordable amount for the inevitable rainy days. Otherwise, you will be even poorer as there will be no insurance company willing to lend you a helping hand.

The choice is yours!