Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
Yesterday, I slipped in the toilet and fall down. My head knocked seriously on the hard floor. Obviously, it bleed but mine is more from that. There was a cut on my right forehead. I was sent to the local private hospital and got sewn on the cut. My family scare there might be some unforeseen damage in the inner part of my brain. Therefore, I went for a CT scan ( some sort of high tech scanning instrument). Luckily there was no inner damage to my brain. Phewww….
From my previous post, you know why we need insurance. Basically, you will need two types life insurance so that any undesired health problems would not affect your family financial, especially if you are bread wider. These two are medical insurance and life insurance.
P/S: In this post, I separate the medical insurance from life insurance to ease my explanation. Actually, medical insurance is under life insurance. Hope it do not confuse you.
Insurance is an important part of financial planning. However, a small percentage of people just neglect it and think that insurance is a scam or liar as they never claim the insurance before. Oh please, you need thanks GOD for not giving you a chance to claim insurance. If you are giving a chance, it definitely not a good news. Insurance is bought for transferring your risk to insurance company.
To better understanding how insurance work, regardless of life insurance or general insurance please read the easy concept below.
