How To Purchase A Life Insurance Policy?

How many times have you encountered agents selling life insurance policy persuading you to buy the product that they are selling by merely telling you the beneficial end results of the product promised to offer? I could confidently say that almost all insurance agents you had come into contact with does exactly that- trying to push their products irrespective of weather you need it or not!!
In my experience, i strongly would like to suggest to all you readers of this article that the next time an insurance agent approaches you, kindly ask him/her to tell you if you actually need an insurance or else! Of course that agent would quickly jump on his feet and starts explaining the A to Z of the particular product in relation. This, we do not want to hear, do we?
Here is how a true dedicated agent should do prior to introducing his/her products to you.
Allow me to illustrate an example in order to pin my points.

Say, you and your spouse proportionately divide household expenditures among both of you. Say, you have a child, aged 5, who is still going to a pre-school education centre. For the purpose of this illustration, say, your portion of the expenses is RM 1100 a month and your spouse's is RM 450 a month. Say you are now aged 35 and your spouse is 34.
Say, you 'kicked the bucket' at age 35. If you have not acquired a life insurance policy prior to your demise, your spouse is left to fend himself/herself and the child without your share of portion of RM 1100 a month.
Which means, your spouse will lose the financial support that you have given while you were still alive. Do you know how much the financial support your spouse lost when you have died? Lets calculate!
RM 1100 a month will be RM 13200 in a year.
RM 13200 a year will balloon to RM 264000 in 20 years ( time that your spouse retires from work at age 55)

I don't know about you but to me that RM 264000 is hell a lot of money and how the damn thing your spouse is able to raise that much of money to keep the family in 'going concern'?

This is where life insurance plays an important role. At this point your agent should recommend you to purchase a policy with sum assured RM 264000.

The sum may sound hugh but you need not purchase it in the whole. Your agent should advise you to purchase initial policy with amount you could afford, then as your disposable income increases, you should add more LIFE policy to add to RM 264000.

I think this is more convincing than just buying an insurance policy without drawing up the financial losses your spouse will experience as a result of you 'kicking the bucket'!!

REMEMBER, ALWAYS BETTER TO ASK AGENTS TO DRAW AN INSURANCE REQUIREMENT PLAN BEFORE YOU SIGNING THE APPLICATION TO PURCHASE FORM !!

Regards,