Rule of thumbs

Life and disability insurance is logic. It's about common sense for people who have the right mind.

Like I said before, not everyone need insurance but everyone can benefit from insurance.

If you still thinking if you need it or not, here are the rule of thumbs:

1. If you know you have a debt (house loan, car loan, education loan, credit card loan, etc) that YOU CANNOT pay if you suddenly cannot work, then you MUST have insurance.

This is common sense right? Do you agree? It's because no matter what happen to you, the debt still have to be paid. It's not going to disappear suddenly. If you CANNOT pay because you cannot work, your family have to pay for it. If you passed away, your family still have to pay for it.

That's why it is a MUST for insurance if you are in the above scenario. There is no other way around it.
If you still don't want to get it, sooner or later if something happen, your family will be the one left with the debt. If you are happy with this kind of situation, there is something wrong with you.

2. If you know that you and your family will struggle to pay for the daily living expenses if you suddenly cannot work or passed away, then you MUST have insurance. 

You as the breadwinner is important. Not just to your family but to your self as well. You are working and earning an income to pay for the expenses and also to save. Can you imagine if you suddenly cannot work or passed away, how long the savings going to last you and your family? A few weeks? A few months? A few years maybe if your savings are good.

Now, as a responsible family man, isn't  it good if you can provide more for your self and your family if something happens to you? To make sure that the living expenses are met. That would be wonderful right?


I think these 2 are the most important check list for you if you are still thinking about getting that life and disability insurance.

It's really about common sense. Nothing else. If you have the right mind, you should know what to do.

You can give any reasons in the world not to buy that insurance, but if you know that you fall under the 2 categories above, you are just plan foolish.



Cheers! Have a great day.