Should I really get one?

There are cases that we are evicted from our properties because the land lord have not settled its mortgage with the bank that needs to be paid as soon as possible. In his situation, he just availed a home insurance and got evicted. Your insurance company cannot deal with foreclosure. But when you find a new property, you can tell your insurance your situation.

It is a wise choice to get your own insurance as soon as possible. We do not know what is ahead of us, but becuase in nowadays. There are insurance that will help us in our future that may happened to us. People tend to forget there car insurance because there is just small percentage of car accidents. But little do they know. It is much better to have a car insurance than none. Choosing an insurance is difficult but by doing the right research, you can find one the suits you.

Put simple, term insurance is cheaper if you're planning to stay covered for the next 10 to 20 years and less than 70years in general. Whilst the whole life insurance is cheaper if you prefer coverage until 99years with limited payment term. You can opt for a mix of both the whole life and term plans, where the whole life plan covers your final expenses and/or daily expenses for you and your family in the event of untimely death or critical illnesses. Also term plans of about 10 to 20 years can come in handy if you have new-borns as extra coverage will be needed during the years when your children are growing up. In conclusion, there are no right or wrong in planning like this. How much to buy and what to buy depends on what your priorities are.

Insurances has different categories. It is not only usable here in Singapore but it can be also used in other countries. Insurances keeps your budget safe when something happens to you. It also helps you with some expenses that are not planned a long the way that occurs to the owner of the insurance.

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

Insurance has no limits. Everyone can get insurance whatever there status in life. They can be disable or not. When you are disabled, you can get other benefits that only cases like you have. Once insured, you can get it anytime you need it. Disabled people mostly use their insurance for there cases. Having insurance is a privelage, so do not overwelm yourselves with it.