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I had all along wanted to take up a insurance plan only when I hit 25. cialis prescription This is because premiums stays more or less the same if I am below age of 25. Moreover, the way insurance works just like your high school Mathematics, Probability.

If everyone insured are healthly (supposingly nothing should happen), it will be perfect for an insurance company. That’s provided nothing happens between your insured period (say 15-25 years). So this is more or less a gamble, looking at 100,000 people in probability, how many in % will meet need to claim insurance.

Recently, I realise I should just go ahead, since my agent is pretty experienced, unlike those who are young and ignorant (who will probably quits after 2 years). She calculated my networth, as well as other stuff I need to know.

So back in October (sorry for being dated!), I took up this plan, which is more or less what I think is ideal. This is an Investment-linked Insurance plan, meaning the premiums I put in monthly, are channeled to investments, rather than a savings. At the end of maturity, what I get back is a sum of money from investments, instead of traditional savings which are at most 2-3%.

This plan allows you to put your money directly with the fund managers, where they pool in a large sum and buy stocks and funds directly. You get to select how you want to allocate your funds (I am a super high risk taker … hehe), very similar to putting in actual cash in investments and letting these people do their jobs, but yet not risk losing it all.

After all it is an insurance, and that is ultimately what you need is protection. The investment is just a portion where you get 2 benefits out of 1 plan. So this will amount to $1,200 a year, and hopefully if nothing happens to me I’ll get back a huge sum of money. Besides this is the best time to buy in stocks from the stocks market as prices are very low. (though it may go further down)

So what’s your insurance like ? Share it with us here!