Tips On Child Life Insurance - Part 3

Read? Tips On Child Life Insurance - Part 2

Why the premium is low for child insurance because the probability of claim against insurance is also low?

We should be buying thing that we need now and not because it is cheap now. If we really need it later, then don’t be too overly concerned that it will cost more later.

I also believe toilet paper rolls will definitely cost more in 20 years time, why don’t we buy 20 years worth of toilet papers rolls and store them while they are cheaper now? Of course, you can argue, it has space constraint. Similarly, I can also argue that those dollars saved now can also be invested for compounding growth.

Learn to think hard of insurance as hedging tools and spend your limited resources wisely and don't ever get played by your FA on your emotions and love. Make full use of the seven-day cooling period to decide to back off if you realize that the risks are over-stated and benefits are under-compensated.