Life Insurance, Anyone? / myLot

August 15, 2019 1:09pm CST

Have you ever bought a policy for yourself? Like if you die any decided (sum assured ) value will be given to your nominee. Today I got a call saying if you pay yearly $1052 for 10 years then after 20 years I will have around $16826 in my account. Quite impressive. And if I die I will get $11217 before 10 years. Sounds me a fair deal. What you think about this one?

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6 responses

Mrki Krki

@mrki444 (15150)

• Croatia (Hrvatska)

15 Aug 19

Nope, I don't pay such things.

1 person likes this

Google Plus 3000+

@GooglePlus (3807)

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16 Aug 19

Do you have such plans around?

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Google Plus 3000+

@GooglePlus (3807)

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16 Aug 19

@mrki444 I see.. On savings how much percentage does bank give you back?

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Google Plus 3000+

@GooglePlus (3807)

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17 Aug 19

@mrki444 Your bank doesn't give interest to keep money in bank

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relcap23

@florelway (23112)

• Cagayan De Oro, Philippines

16 Aug 19

I am not so keen on this concept, but I have another insurance which is mandatory if I borrow money from a cooperative, it's more of a health insurance,

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Google Plus 3000+

@GooglePlus (3807)

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17 Aug 19

Health insurance is something which only needed when you are above 40 years normally. And that's were these Insurance company get it all right. We pay monthly a mount till 40 years which is never used.

I am also not into Insurance, but these people are good at scare you with your future. Sometimes I wonder if I die what I will do with that money on corpse ?