I think the issue here is not really having the money or not but rather the priority of using them. It is because of competition from other more tangible products or investments that makes many people feel this way.
It is a disturbing fact that many people do not place life insurance high on their priority list although they need the coverage badly.
Life insurance deals with the future needs of a person and thus its benefits are difficult to experience and appreciate at the time of buying as compared to most other products.
It is only when life insurance is recognised as a priority item for the family that people will find the money for it.
Wise people plan ahead of their needs.
As the saying goes "Don't start digging for a well only when you become thirsty...for it may be too late!
Again there are some people who say that life insurance is for the rich. Really, I beg to disagree because I feel those who think they are not rich need life insurance most. It is better to have some life insurance cover than nothing.
NTUC INCOME has a whole range of life insurance products to meet individual's need. Do let me know if I can be of help to you.
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2 comments:
Yes, i agree with you. Insurance is for everyone,equally for e ordinary folks..It jus takes a certain time period & a bit of discipline to accumulate $ & cents into 1 big lump sum..But many out there jus feign ignorance till its too late & time has already flown by..
Hi Gregory thanks for your contribution. I appreciate it very much. Yes, indeed, it takes all sorts of people to make this world.
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