tag:blogger.com,1999:blog-6025037118864383396.post3428031885651896713..comments2023-06-10T17:08:57.683+08:00Comments on Unintelligent Nerd: Thoughts on the HI ModuleUnintelligent Nerdhttp://www.blogger.com/profile/17797052565143872922noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6025037118864383396.post-54575958081314253462016-09-07T15:56:08.435+08:002016-09-07T15:56:08.435+08:00Hi LP,
You make a good point and I agree with you...Hi LP,<br /><br />You make a good point and I agree with you. I want to choose both too! But that will have to wait till my cash inflow is stabilized first. I'm currently unemployed (research jobs in my field is always contractual unless I'm a Masters/PhD holder) and insurers, according to the textbook, are not keen to offer Disability Income insurance to people who have unstable jobs. <br /><br />Bo bian for my case. I think I'll prioritize Medical Expense Insurance and either/or term/whole life insurance (I've yet to understand the intrinsics of the debate you guys are having) over Disability Income insurance. From what I read, Disability income insurance appears to have more hoops and hurdles to jump through though.Unintelligent Nerdhttps://www.blogger.com/profile/17797052565143872922noreply@blogger.comtag:blogger.com,1999:blog-6025037118864383396.post-6901407330326902592016-09-07T15:19:18.573+08:002016-09-07T15:19:18.573+08:00Hi UN,
I think it's important to have insuran...Hi UN,<br /><br />I think it's important to have insurance while you are building up your asset base to go towards self insurance. For disability income, getting covered for a fraction is better than not covered at all. Eventually when our financial assets grow bigger, we can opt out of such insurance.<br /><br />Be careful of the income from stocks. They are never guaranteed and that's something in which an insurance plan might provide. Given a choice, would you want a higher non guaranteed income or a low stable income? We don't have to choose either, I choose both lolla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6025037118864383396.post-42892960963603564052016-09-06T16:19:03.063+08:002016-09-06T16:19:03.063+08:00Hi SMOL,
Thanks for visiting!
But it's not ...Hi SMOL,<br /><br />Thanks for visiting! <br /><br />But it's not easy. Humans like to hire someone else with the credentials to "do it for them." Then guess what happens next? Commit to a sub-optimal option to the benefit of the insurance agents.<br /><br />The loss when I surrendered my endowment plan was painful enough already.... >.<Unintelligent Nerdhttps://www.blogger.com/profile/17797052565143872922noreply@blogger.comtag:blogger.com,1999:blog-6025037118864383396.post-36268817806179710432016-09-05T21:05:46.616+08:002016-09-05T21:05:46.616+08:00Unintelligent Nerd,
That's a first for me!
...Unintelligent Nerd,<br /><br />That's a first for me!<br /><br /><br />Getting yourself "educated" on insurance before you make a purchase.<br /><br />That's taking the concept of DIY insurance to the next level ;)<br /><br />1) More cost effective than engaging a fee-based financial adviser.<br /><br />2) Its definitely better than getting "free" advice from commission-based insurance agents! <br /><br />No one has your best interest than you yourself ;)<br /><br /> Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com