Comments on: Do You Need Life Insurance?

By: Life Insurance Canda

Life Insurance Canda — Tue, 22 Jan 2008 16:14:35 +0000

Hi, I agree with the first commenter that we shouldn’t classify in such large groups because each and every individual is different. That is why insurance companies offer tailored products. I also want to add that insurance does not only come handy for your loved ones when you die but it is also a good investment program because ,depending on the company, you get your money back in 5-10-15 years. If in doubt what to choose check out this Canadian life insurance sight about tips on insurance. Take care, cheers

By: pakdi

pakdi — Sun, 14 Oct 2007 00:34:45 +0000

dear zack,

general information on financial planning is not breaching any law.

and why dont you build your own blog to create awareness among public on financial planning?

be my guest writer at least.

By: zack

zack — Sat, 13 Oct 2007 19:25:06 +0000

haii!!

when we talk about insurance, it’s about risk transfer instrument. NOT about investment or tax reduction or other things in mind.
there are few risk a person have ie premature death, ill health, loss of income.
a person should think which risk to be transfer, to be reduce or to avoid.
normally people should take a medical card & a term life insurance.

based on your blog, i’m aware its from Consumer Association of Penang but i think its not the right thing to do. the guidance they laid down it’s a view from income protection ONLY.

as a certified & licensed financial planner,i advising you not to publish or writen about financial planning to the public, because you r not trained in that area. it will missleading the public.
i know that you r trained LLB, just to inform you that you breaking the law based on security industry act 1993. (penalty of RM 1M or prison 3 year)
just licensed financial planner or financial advisor or investment advisor can do that.

bye

By: Dr Azwan

Dr Azwan — Tue, 02 Oct 2007 08:11:22 +0000

I beg to differ. The most you can save for taxes pertaining insurance in Malaysia is about RM 3000 per year. I wont buy life insurance for investment per say because of its low to medium return. However, it is good to substitute life insurance with MRTA (Mortgage Reducing Term Assurance) when buying property in Malaysia as life insurance covers you even until the property is fully paid up.

By: Lorne S. Marr

Lorne S. Marr — Mon, 01 Oct 2007 10:18:43 +0000

I wouldn’t classify in such large groups. One of the biggest reasons for life insurance is investments, you can save very large amounts of money on taxes. If you have a good income, you might as well consider investing in 10-15 year term policies. You can also use life insurance for charitable giving, options are many - just check the life insurance tips section on our website.