I do not regret buying whole life insurance policies / myLot

Singapore

October 8, 2015 8:04am CST

I have a few whole life insurance policies. Some of these policies have the feature of allowing me to convert the cash value to annuity when I am old. I think that is the best feature. Having life insurance policies mean forced saving.

1 person likes this

1 response

peggy baker

@softbabe44 (5815)

• Vancouver, Washington

9 Oct 15

thats so true whole life policy is okay for some

1 person likes this

scheng1

@scheng1 (24649)

• Singapore

9 Oct 15

Whole life policy with critical illness rider is best for all people. There is always a risk of getting critical illness when we are old. I hardly find old people in their 80s without heart problem or cancer or other major illness. Some of them recover but at a high cost to their families.