Of insurance and investments

Recently, I suddenly have the urge to join this insurance/investment scheme. We all have to accept the fact that we will die some day and Insurance isn’t just for our ownselves, but for our family members who may not be able to afford the medical fees or sustainability of their own life after our departure. We are adults and we should be equally responsible.

Thus, I did ask afew friends (who are agents) to recommend me afew plans so that I could do my planning for my finance for the next few years. My reason for not been able to commit to sign with them is because Im still drawing pocket money from my dad (who is the only breadwinner in the family) with his unstable business. Another reason is because I need to understand what Im buying because it will be a financial lockdown if I bought the wrong thing. 1 good example I read from a blogger ahkiat is that 1 of his customer bought an ILP (investment linked policy) for about 2 years and wants to withdraw after seeing that the funds she bought has raised up above her expectation BUT, something she did not realise was there is a penalty fee if you withdraw within 10years of the contract, which is to surrender the 90% of the fund, thus she will only have 10% back.. She’s making a big loss even if she did earn some at the funds. And ofcourse, not all ILPs are crap, you have to know what you want based on your time horizon.

ILP (investment linked policy) consists of 2 things, Investment and term insurance. If you want to find out more, read here. I wont say anymore further because Im not a trained finance adviser, but what I would say is that if you want your money to work for you, you really have to decide whether you want to take some risk to gain higher returns rather than a stable low return.

And some of the websites I read recommended:
– Investment is investment, don’t get it together with insurance. It can be cheaper in long term but how long is your time horizon?

– Life Insurance is to provide security and finance to your loved ones should anything happen to you. Be responsible.

– Upgrade your health shield, don’t get bind down by the limitations from the default garment insurance. Your hospitalization/medical fee is more costly than death, we have to admit it.

Last but not least, dont buy something from your agent just because he’s your friend.. buy things that are practical and useful to you! He will be drawing commission from you and you are the one who will be keeping him alive in future if you sign with him, so be realistic.


The innocent life.

The joice of watching one’s newborn is really very amazing.  I visited my girlfriend’s cousin last night because his wife has just given birth to a baby, their first child, and thus we were exciting to see the baby.

I could still clearly remember the time when my mum gave birth to my pretty little sister when I was 6years old and she wasn’t around me to keep me accompany.  She was having a tough time trying to balance housework, taking care of my and my brother and my grand parents.  My dad was busy with his work as usual and didn’t really pay much attention to her.  

Yeah, I must say being pregnant for a lady is tough, tougher than guys job who is supposed to satisfy all the wifes demands and to work at the same time.  

I used to make fun of my friends who had ‘misfired’ or my female friends who always think that the day for them to have baby won’t come.   Tada, barely 24 and their freedom locked up.

A message was given to me when I saw the innocent life.  Damn.  Im not ready to raise any kid.  Im not fucking ready to teach him/her the proper things in life, yet.  I can’t help them save money for their education when I have so many ambitions not realised.  I can’t provide them; they’ll fucking starve and die.  Yeah, probably all those were my excuses for not having a child until Im at least 28 (with a stable job and a wife; married wife and most of my childish thoughts claimed).  I know I can’t commit to that innocent life nor sacrifising my nights of freedom.

My day will come, but not anytime near now; it will only be 3-4years from now. 

And the first word that will come out from his mouth will not be mom/dad, it will be fuck. LOL! just a joke =x


Theory of a deadman – hate my life

Heard this song over iTUNEs radio, and this is 1 good reason why I would enjoy iTUNEs better than other media players! =)

I hate my job, all of my rich friends
I hate everyone to the bitter end.
Nothing turns out right There’s no end in sight
I hate my life!

But no, I don’t hate my life.  Not anymore.