I'm working full-time as a teacher and a mom to a two-year-old boy . I've been working here in Thailand for over 4 years and I deemed it necessary for me to buy life insurance because I have already a child who depends on me. Life insurance is surely a protection from disasters and financial burdens. If we're well-off financially, my family may not need an influx of cash when I die so I don't need life insurance but that's not the case.
I've got a friend who introduced me to various forms of savings programs, packaged as life insurance, that will allow me to build up cash for financial needs in 10 or 20 years, at age 65, for my child's college education, etc. This form of life insurance is actually a "savings endowment. It protects the saver's savings program by continuing it if the saver gets disabled and can't continue the monthly "deposits" or, if the saver dies, completes the savings program and pays the money to a designated loved-one.
This concept of life insurance conquers my heart and see it as best for expats like us whose living in Thailand indefinitely. I've read from ajarn.com that if you are purchasing life insurance for the financial protection of loved ones, they recommend to spread the premium payment period out for as long as possible (to age 90 in Thailand). This way I can get more coverage for less cost until the kids are grown and on their own. Then, I can convert the policy to paid-up coverage or convert the policy to cash for my needs.
The problem now is I haven't seen that friend anymore for quite some time and I lost her contact number! She once discussed to me something about life insurance quotes before and now that I'm interested, she's nowhere to be seen..*sigh*...I better look for someone else or search online.
I've got a friend who introduced me to various forms of savings programs, packaged as life insurance, that will allow me to build up cash for financial needs in 10 or 20 years, at age 65, for my child's college education, etc. This form of life insurance is actually a "savings endowment. It protects the saver's savings program by continuing it if the saver gets disabled and can't continue the monthly "deposits" or, if the saver dies, completes the savings program and pays the money to a designated loved-one.
This concept of life insurance conquers my heart and see it as best for expats like us whose living in Thailand indefinitely. I've read from ajarn.com that if you are purchasing life insurance for the financial protection of loved ones, they recommend to spread the premium payment period out for as long as possible (to age 90 in Thailand). This way I can get more coverage for less cost until the kids are grown and on their own. Then, I can convert the policy to paid-up coverage or convert the policy to cash for my needs.
The problem now is I haven't seen that friend anymore for quite some time and I lost her contact number! She once discussed to me something about life insurance quotes before and now that I'm interested, she's nowhere to be seen..*sigh*...I better look for someone else or search online.
