Buying Life Insurance Make Sense For Everyone

Buying Life Insurance make sense of everyone

How much life insurance do you need? Total insured amount has to be five times of your annual income? Monthly premium should not more than 10% of your monthly income? It depends on individuals.

There are many factors to consider when calculating life insurance:

• Dependents
• Marital Status
• Earnings
• Work
• Debt

These factors change from time to time. So, it would be wise to consult a trusted financial planner or insurance agents before making any decisions.

Bear in mind, ask the right person, there are so many unprofessional and inexperience agents in the market. Besides, quite a number of them quit the industry after few years or even earlier, no offence, please.

The main thing too keep in mind is: The amount of life insurance must be enough to replace the earning power of the deceased for those that depend on them.

medical card is a must! The cost of medical in private hospitals is just killing me even for a small surgery. So, I ‘invested’ heavily on medical card.