Comments on: My Insurance Philosophy

By: 4 steps to making a plan to save cash money with You need a budget (YNAB) | Productive Organizer

Sat, 28 Jan 2012 14:35:06 +0000

[...] Be insured. You do not know when illness and tragedy will strike and when they do you will need a sum of money that you will have difficulty to come up with. Hedge that risk by buying cheap low cost insurance [...]

By: Leon

Leon — Fri, 07 Oct 2011 17:05:48 +0000

well written, but i think u lack out a fantastic insurance company AXA. which have very good critical illness plans and early critical illness plans which is also very much affordable too.

By: Term Life Insurance to solve the problem of Singaporeans Underinsured? The problem is the Agents and the Insurer!

Sun, 11 Sep 2011 02:12:08 +0000

[...] The article interviewed Christopher Tan from Providend, who is a proponent of term insurance. (For a detail understanding of whole life versus term insurance read here.) [...]

By: Drizzt

Drizzt — Fri, 15 Jul 2011 15:08:20 +0000

Hi Seth, i regreted not upping my coverage for disability income. now that i have undergone some hospital tests its not as clear cut to get it.

By: Seth

Seth — Mon, 11 Jul 2011 18:04:43 +0000

Low premium and tremendous trauma, exactly why it should be insured.

A very important policy that a lot of people overlook. Despite its relative affordability I’ve had someone tell me that it is expensive. Oh well.

Anyway, disability income for some occupations is not very cheap.

By: Drizzt

Drizzt — Mon, 11 Jul 2011 12:31:05 +0000

Hi Seth, thanks for visiting my blog. Disability income is very important, but it is not that expensive. Perhaps the probability of that happening is truely lower than critical illness.

My take is that the probability is not as high as CI, but when it happens the loss or the trama to your family is tremendous

By: Seth

Seth — Mon, 11 Jul 2011 09:58:28 +0000

Your image showing the insurance needs at different life stages is very accurate but I think Disability Income is actually a very important form of insurance after medical coverage for working adults. I would personally list it as “High Priority” for the first two stages.

Most people’s economic values lie solely in their ability to work. Hence, I believe it’s a very important policy to have for working adults.

By: Drizzt

Drizzt — Mon, 30 May 2011 13:02:25 +0000

hi Dylan, i think i lost that spreadsheet but now thinking back, i find that it is difficult to use a generic sheet to valuate it. There are many unknown costs and different years to maturity, all done so taht it is difficult for you to compare.

Do look into the distribution costs and use present value computation to approximate the value. even then i do not put 80% trust into that figure.

By: Dylan

Dylan — Mon, 30 May 2011 06:21:34 +0000

Hi Drizzt,

Thanks for this very informative article. Just happened to stumble upon your site while searching for clues with regards to comparing different insurance plans for my needs. Looking at the above calculated comparisons of the few insurance plans that you come up with, I can’t help but wonder if I could obtain a spreadsheet on the above calculations? If not, could you advise me on how you calculate the “Future value for Yearly Cashflow” section? I am thinking of creating my own spreadsheet so that I could dissect different policies to find the one that is in alignment with my current plans. Hope to hear from you soon.

By: How to convince a savvy customer to buy life insurance policies from you

How to convince a savvy customer to buy life insurance policies from you — Tue, 12 Apr 2011 14:51:32 +0000

[...] those who are new to my blog, you might want to read my insurance philosophy, why I don’t like endowment [...]