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Insurance for you, sir?
Doesn't that phrase sound very familiar when you are out on a weekend at the malls? You see a throng of insurance agents standing around their roadshows to sell or get new contacts.I do know some people buy insurance policies mindlessly or buy a policy from a friend who is an insurance agent. If you are one of them, I think you should think very carefully before doing so. An endowment plan could just lock you in paying premiums for 20 years.Insurance have different meanings to different people. To me, insurance is really just protection. To some people, they might think it is a type of investment or savings plan.Here's the definition of insurance on wikipedia, click here.I got an endowment plan from an insurance agent 2 years ago. As I was packing my drawer, I noticed my contract, so I decided to check out the benefit illustration which is how the return on your policy is calculated.conned?Taken from Google ImagesFor example, if you save $59.60 per month,In a year, you would have saved $715.2
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