HeyAnna administrators Which life insurance is more suitable for me?
What do you need to consider before making the insurance purchase? Follow our decision tree to find out! #growwiththeburrow
1. Know what basic national health insurance cover you have, before purchasing additional plans
2. Determine your personal needs for coverage & objectives for purchase – is protection your only concern or are you looking for an instrument for both protection & savings?
3. Consider your life stage as well – do you have dependents to take care of or are you the sole breadwinner of your family?
Life Insurance: Whole Life or Term?
Here's how we understand it: Term Life is Iike subscribing to Netflix. As long as you are paying for it, you will enjoy the benefits. Whole Life is like a buying a house. Once you fully pay off the cost, you will own the asset for a lifetime.
Read our infographic below to learn more about each plan!