Insurance

Types of insurance an individual needs

1. Whole Life

2. Investment -Linked

This will depend on an individual personal preference.

After some reading from Dr. Money, i do find that he really 'Makes Sense'

His recommendation is D.I.Y :

1. Buy a term insurance

2. Invest seperately through unit trusts.

The reasons:

1. Do not have to pay for distribution costs. ( Normally it is cost you 12 - 15 mths of premiums)

2. It is transparent as you can see how much profit you are making as compared to Whole-Life plans