Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

by Monika Halan

How does the price compare with policies from other companies right now and how does the price compare over the years? Your policy may cost the least today but may become

You need to find out if your policy gives at least these eight benefits.

Remember sub-limits are limits on what the policy will pay for certain diseases and for the room rent and related costs. A co-pay is what you agree to share with the company in terms of cost. An exclusion period is the waiting period before the policy will start paying a claim.

Sub-limits

Remember sub-limits are limits on what the policy will pay for certain diseases and for the room rent and related costs. A co-pay is what you agree to share with the company in terms of cost. An exclusion period is the waiting period before the policy will start paying a claim.

Sub-limits, co-pay and exclusions

The typical endowment insurance policy gives you a tiny crust of life insurance cover;

An easy way to cut through the tyranny of being hit by large numbers is to use the Rule of 72.

Life Insurance - Rule of 72

The day you realize that it is in your best interest to separate your investment and insurance products, is the day you move solidly towards building your financial security.

To protect your family against your untimely death, the only life insurance product you need is a pure term cover.