Never thought I would jump in buying life insurance when I don't really feel like getting one. However, with some changes and restriction made to the bank policy in Brunei for applying investment. I hardly able to think of a way securing safe financing in the bank not unless you have at least 100k lying around when I hardly able to save 1k in a year. What option should I look into? Life Insurance.
This is the simplest way to financing and securing your own future saving especially after retirement. Why now? Well, considering when I started working just earning $400.00 per month. There's no way I am able to pull that off paying life insurance per month. Only until today my pay are stable enough to move forward with the plan because the car loan have remaining three more years to go and looking at my current age. It is time adding extra accident plan and finance into it.
As far I remember, the agent said it was premium insurance (accident + life). Yes, it going to cost quite a bit more and cheaper idea going with this plan. If you never buy before, there are indeed some different between the price working in office and in construction area. I asked the agent listed me in construction zone because I do sometimes involving site office and in constructions. It's just a way having some peace of mind in case shit happen no matter if companies have strict safety policy or not.