Inner thoughts

Money money money

Just bought a "living" policy, it's actually a policy which covers death, permanent disability and 30 illnesses, $1724.95 per annum for life, assured for min $100,000 (increases progressively every year). Was actually thinking of buying a savings plan actually, but my agent (or rather my parents' agent) recommended tis cos' I don have any policy which covers these aspects. Actually have been thinking for a long time to buy some form of insurance cos' the earlier you buy, the less premiums you pay monthly and higher payout also, but decided to wait till I find a stable job first since I oredi noe I will not be staying long at citibank.

The agent recommended another policy which I'm still considering. This is a 15-year policy which covers death and permanent disabiliy, around $2.3k per annum, assured for $100,000 (if I didn't rem wrongly) and after 15 years, the co. (NTUC Income) will pay around $1.4k to us every year. The payout for this policy, according to the analysis of the agent and my dad, is actually better than a 15-year savings plan (monthly around $250) with a payout of $50k. The thing which holds me back is $. If I take up tis policy as well, my bank a/c will reduce by at least $4k now and as I'm most prob will be goin for a holi with my mum in 2 weeks' time to Korea (rather than HK), I will have to fork out another $2k at least for the trip, so it's really quite taxing for me. Next month when I go over to RHB, my income will greatly be affected as well, haiz....then in June still have to go Australia to visit darling, oh no....where will I get all these $$$??? stress ah...

Looks like these few months must really shrimp and save liao, or maybe I shouldn't go korea during tis break, maybe somewhere cheaper instead??? But don feel like disappointing my mum (though I know she wouldn't really mind)leh. Hmmm...really shang1 nao3 jin1 ar...My eyes are getting tired but my mind is still quite awake with all these $ issues bothering me....arhhhhhhh

posted by wy_7177 @ 3:10 PM