Monday, May 26, 2008

Life insurance for a Malaysian

Hi,
I am a Malaysian working in singapore right now. Its is better for me to buy insurance in Malaysia or Singapore. Based on transparency, I believe Singapore give better value instead. Pls advice.

REPLY
It is better for you buy a Term insurance and invest the difference. Read these FAQs:
http://www.tankinlian.com/faq/savings.html
http://www.tankinlian.com/faq/choice.html

You can call these insurance companies to get a quotation on the cost of the term insurance:
http://www.tankinlian.com/faq/termd.html

By separating your insurance protection from your savings, you have the greatest flexibility in the future, in case you decide to work outside of Singapore.

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