Why is insurance so important?

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gohmjie

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Why do you need insurance and why it is so important to us!

There is thread that answer questions on insurance but I realized that there is no thread on educating the importance of having insurance as a basic of financial planning.

The purpose of this thread is to share about why insurance is important and why we must not procrastinate in buying insurance.

1. backup plan for everyone. What if the worse happen?
2. We know and we think that it won't happen to us. But what if? Are you prepare for the worst?
3. Who is going to pay for your hefty medical bills?
4. Will you seek the best treatment if the doctor in our Government hospital tell you that your illnesses is incurable and you are left with a year lifespan? Will you seek for a 2nd opinion?
5. Are you going to sell your house or seek for public donations?
6. What if your old age parents suffered from old age disability? Do you have the extra budget every month to hire a nurse or maid to take care of them while you are working?
7. What if you passed away due to illnesses? Who will take care of your family?
8. What if you have be careful all your life but some error caused by some drivers who is negligent knocked you down while you cross the road?

If anyone feels that insurance is not important and insurance company/agents cheats people money, please free to voice your opinion here and I will try my best to answer it!

Start planning today for your loved ones!
 
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Perisher

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Note that advertising is not allowed in this forum.
 

gohmjie

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Helloo... Double standard from you guys.
Why don't close down all insurance questioning thread?
 

Perisher

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Helloo... Double standard from you guys.
Why don't close down all insurance questioning thread?

You were warned for soliciting pm for your group of FA which is obviously advertising.
You may give advises and answer questions.

We did not close your thread or intent to close down insurance thread, just no advertising.

Take a chill pill.
 

Perisher

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Thread closed as requested by TS.
 
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