Insurance; a must have for anyone!

After a person finish their education, usually one will get a job. Upon getting a job, one will be termed as facing the ‘real’ world. What is meant by ‘real’? Is it the challenges or the fact that one has to be responsible of their financial goals? Whatever the reason may be, one has to consider about risk.

What happens when unfortunate things happen?

Who will bear the family if you get into an accident?

Who pays the liabilities if something happen?

These are just some of the questions that one must ask when they start getting an income. Risk management is something that is often overlooked and usually people will end up paying a higher premium because of age and health condition. Risk management is something that cannot be done alone; you need help and advice from a professional. I reckon that anyone can do their risk management without professional help.

As a financial planner myself, all my insurance are handled by a third person because I do not want to be bias of my decision and waste money unnecessarily. Insurance can be asset if you know how. These assets has very liquidity rate too.

In choosing an insurance policy, you need to know how you can benefit from the policy. You do not want a policy that is too expensive or too little protection. An insurance policy must not be viewed as a burden; in fact it should be viewed as something that is a necessity.

There’s no time for you to regret when something bad happen to you. Risk can be transferred to insurance companies. With time changing so fast, you will never know what lies in front of you. I suggest that you have at least a life insurance in your portfolio. Be smart and responsible of your life. Risk management is something which is very basic and a need for anyone who has an income.