I have always wanted to invest in life and educational insurances. I always believed that these intangible products are good investment to the family. But unfortunately, I am not that lucky when it comes to finances. I couldn’t afford one.
One day an agent came to me and offered me an accident insurance. I was very alarmed because the accident insurance she was offering is too affordable. At first I thought it was a scam but when she explained the details, I realized it wasn’t. It was short of a temporary insurance because the amount you pay will be enough to cover for one year. That means if you want to get covered always, you need to pay for the insurance premium every year. At first I thought it was practical but it wasn’t. It is affordable but in the long run it is not practical as you pay yearly until you get old with no other benefits or whatsoever. So I decided to decline her offer.
Anyway, I am still interested to get insurance so that my children will not panic in case something happens to me. But I am hoping I would find an affordable one that can I can afford so that I won’t get any problems in paying monthly premiums.
