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Is It Wise To Invest Money In Any Kind Of Insurance Plan?


sweetseoul Rep Points: 1,225
Posted on April 1, 2009 at 8:02 am
if you have extra money to spare, we must invest in insurance...in the long run, it will be beneficial to us...

paoxav Rep Points: 905
Posted on April 3, 2009 at 12:33 am
well with lots of insurance company are closing down due to bankruptcy, its not wise to spend your money with them.. just my thought..

fresen25 Rep Points: 485
Posted on April 3, 2009 at 2:00 am
dont put all of your money there. keep for other investment instrument, make your portfolio business.

tekie.tony Rep Points: 735
Posted on April 3, 2009 at 2:26 am
yes it is .. for example some insurance companies .. give back certain parts of ur insurance amount at intervals .. these are really helpful than getting the money at the end of the tenure

inai Rep Points: 955
Posted on April 3, 2009 at 2:34 am
I don't believe in insurance.  They may be good for certain things like coverage for sudden death but claiming insurance when the need arises take so much of paper works and time.  And if nothing happen within the tenure of  the insurance coverage then it will take a long time before you can get your investment back.  And by the time you get the money the value will be different.  I think it is easier to put in fixed deposit and negotiate for the terms and interest rate. 

tenchi18ph Rep Points: 1,140
Posted on April 3, 2009 at 2:50 am
It is wise to invest in insurance for a long term basis. But look for an insurance that have good policy and not a scam. Many insurance company now a days are going for closure due to insufficient funds and wrong calculation of benefits.

dicasayang Rep Points: 615
Posted on April 4, 2009 at 10:07 am
of life for me