I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Wednesday, 22 March 2017

Life Insurance Is Definitely Important Up To Point X In Our Life Journey!

In personal finance; we have to be competent over the three scopes covering saving, insurance and investment through our life journey.

On that night; one guy asked Uncle8888 for his view on life insurance; as usual he would illustrate his view on the flip chart with marker pen. LOL!

 Now; he illustrated the same view with better diagram here.
Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)
Posted by Createwealth8888 at 08:29
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3 comments:

  1. RayNg22 March 2017 at 09:08:00 GMT+8

    Life insurance should be cover up to point X, i.e when one does not has any liability of kids education, living expense, house mortgage, etc.

    However, if continue to hold the life insurance policy, it will become legacy for children. Since that will be the case, let the children continue to pay the insurance premium and at the end they will inherited the policy when one demise. lol.

    ReplyDelete
    Replies
    1. RayNg22 March 2017 at 09:15:00 GMT+8

      If want to cover life insurance till point X, it would better to purchase Term Insurance instead of Life Insurance.

      Term insurance will expire at point X but it is at least 70% cheaper than life insurance.

      Delete
  2. Createwealth888822 March 2017 at 15:18:00 GMT+8

    It is how many people are thinking of forced saving instead of becoming savvy savers or competent investors. This is how we are sold by insurance industry

    ReplyDelete

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