Lately i was speaking to a lot of people on life insurance planning and i am glad that most of them took up my advice to insure themselves rather than putting money elsewhere. However on the flip side, my friends are all telling me that they have problems convincing their clients to take up life policies and in fact they can sell investments or saving plans much better.

Well to me, this issue is not new. Human beings are designed to hear things that they are interested in and as a result, they will buy what they are keen on. So therefore as a financial doctor to them, one has to find the ‘hot’ button in them and spur their needs out. In fact, i have this 10 reasons for people to buy insurance and i truly stand by it.

Top 10 reasons why insurance is a MUST-BUY products

1) It provides your family member IMMEDIATE financial relief.

2) It generates real assets for you to pay off the debts/bills while leaving your saving for your loved ones.

3) If you stay put throughout the plan, you will be the biggest winner

4) In the event of disability, its able to provide you with one lump sum of money for a person to adjust to new lifestyle

5) If you dont buy when you are healthy and young, it will just get more and more expensive and worse still, you cant even buy.

6) Unless you can guarantee that you wont die or suffer from illness, you must buy insurance

7) One thing that is guaranteed in life, that is DEATH.

8) If you think you can really plan your life well then why isnt buying insurance part of your plan?

9) Insurance payout is not meant for yourself at times. Its for those who depends alot on you.

10) Unless you have one lump sum of money set aside for death expenses or major illness expenses, if not i dont see what’s wrong with covering these risks  in advance via monthly installement

Well as you are reading these, please dont judge me and say that because of my occupation i said all of the above. Even if i am not in this trade, i am sure that your parents or friends who have went through certain difficult stage of their life would be telling you the same thing. For my job, i am just putting it into certain perspective for you to understand.

The above reasons may or may not appeal to you but it doesn’t matter because different folks different stroke. Hence that is as much as i can do to share but the final decision still lies on you =)

 

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