Many Singaporeans already have multiple life insurance policies yet are grossly under insured. Most have less than $100,000 of insurance coverage, yet have no idea that it is insufficient. But today, I would like to say that there are people who do not need life insurance ( those that pay upon death only )
Basically, you do not need life insurance if…
1) You are super rich, so rich until you no longer need to pass the risk management to an insurance company. You can self insure now. In the event of your death, all your family members will be provided for and there is no fear of any financial shortfall. Your financial assets are enough to last for 3 generations…
2) You do not have any dependents at all. No one needs to rely on you for financial support. Basically, you are on your own and you do not have any family members to take care. You may have cut off all ties with family or relatives. You may have left your hometown and no longer in contact with any next of kin.
3) You are the super irresponsible type. You don’t care whether your family will suffer or not. You think that when you are dead, you won’t see anything and won’t feel anything at all. You just hope that you won’t die when your kids are still dependent on you. You believe that all will be well in the end even though your family may suffer financially for the next 20 years.
So if you are not in one of these 3 categories, you are welcomed to talk to me and see whether you are sufficiently insured so that in the event of your premature death, your family will be well taken care. Thanks to you.
By the way, with a stable financial future, your wife (widow) will not need to re-marry out of desparation and your children will not become some guy’s step children. Spare them the agony of an unstable and uncertain future by being a responsible husband and father now.
I look forward to meet you soon.
Please call or text me at 90011082 if what I said made sense to you.