As a wrap-up for my previous posts, where I have discussed about Term Insurance, WholeLife Insurance and Investment-Linked Insurance policies, this entry is summarizes the key features when you are deciding on which type of policies to choose from. But if you realise, we are actually comparing Apple vs Orange vs Banana, hence, which isContinue reading “An Overview of Term vs Whole Life vs ILP”
Tag Archives: Term
Why You Should Buy Term Insurance
What is Term Insurance? The terminologies used in the Financial Services Industry certainly gets lots of people confused. Term Life, Term Policy, Term Insurance, Term to Age, “X” Year Term can all refer to the same category of policies. The key is the tenure of the policy, how long does it covers until, i.e. whatContinue reading “Why You Should Buy Term Insurance”
What Is Insurance?
The transfer of risk is the basis of all insurance. What risks? The risk of significant potential loss or financial consequences in exchange of a premium. Who takes on the risk? Hence insurance companies act as the intermediaries to pool premiums together to insure against a specific loss. For instance, businesses can insure their premisesContinue reading “What Is Insurance?”
Wee Khai 