Topic: What need to buy a personal insurance ?
Summeryeanyean's photo
Tue 10/25/16 11:04 PM
Any comment

Summeryeanyean's photo
Tue 10/25/16 11:06 PM
* why need to buy a personal insurance

Jaan Doh 's photo
Wed 10/26/16 09:14 AM

* why need to buy a personal insurance


People buy personal insurance in case anything happens to them, then their loved ones are cared/catered for such as children spouse pets etc.

In many cases it also helps to pay for funerals when something fatally serious happens.

And if something non-fatal but serious happens then at least they don't have to worry about medical expenses etc





Summeryeanyean's photo
Wed 10/26/16 09:22 PM
But why many ppl don't believe the insurance ?

Summeryeanyean's photo
Wed 10/26/16 09:22 PM
But why many ppl don't believe the insurance ?

no photo
Wed 10/26/16 09:38 PM

But why many ppl don't believe the insurance ?


Its a balance between how much they believe they can look after themselves
How overpriced they believe insurance is
and how much they believe that the insurance company would pay up

Jaan Doh 's photo
Thu 10/27/16 01:40 AM


But why many ppl don't believe the insurance ?


Its a balance between how much they believe they can look after themselves
How overpriced they believe insurance is
and how much they believe that the insurance company would pay up



Mostly for the reasons that SimplyComplicated stated above...

Possibly, it is safe to add that a minority of companies rip the client off and run off with all the monies they have accumulated and no one gets any money at all.

You often see that happening with Pension funds.........
Another means of securing your future,
If GOD wills you live long enough to receive it that is.